https://www.taxtmi.com/caselaws?id=396227 The Appellate Authority upheld the ruling that the activity of granting long-term leases of residential apartments constituted a composite supply of works contract services rather than a lease. The decision was based on the timing of lease agreements during construction, payment milestones linked to construction progress, maintenance responsibilities of lessees, and full consideration received before completion. The activity was classified under SAC 9954, attracting 18% GST, and not exempt under Notification 12/2017. The Authority's decision aligned with a similar case precedent from the Bombay High Court, emphasizing the sale-like nature of the transaction despite its lease title. en-us Thu, 24 Oct 2019 00:00:00 +0530 Thu, 29 Oct 2020 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396227 The Appellate Authority upheld the ruling that the activity of granting long-term leases of residential apartments constituted a composite supply of works contract services rather than a lease. The decision was based on the timing of lease agreements during construction, payment milestones linked to construction progress, maintenance responsibilities of lessees, and full consideration received before completion. The activity was classified under SAC 9954, attracting 18% GST, and not exempt under Notification 12/2017. The Authority's decision aligned with a similar case precedent from the Bombay High Court, emphasizing the sale-like nature of the transaction despite its lease title. Case-Laws GST Thu, 24 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396227