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    <title>GST update on taxability of Assignment of leasehold right in immovable property</title>
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    <description>Assignment of a leasehold right is a taxable supply of services under Schedule II and does not amount to sub leasing; it is classifiable as Other Miscellaneous Services and attracts GST. Tax paid on transfer fees connected to permitting the assignment is admissible as input tax credit against the GST liability on the assignment.</description>
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    <pubDate>Fri, 04 Sep 2020 10:43:24 +0530</pubDate>
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      <description>Assignment of a leasehold right is a taxable supply of services under Schedule II and does not amount to sub leasing; it is classifiable as Other Miscellaneous Services and attracts GST. Tax paid on transfer fees connected to permitting the assignment is admissible as input tax credit against the GST liability on the assignment.</description>
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      <pubDate>Fri, 04 Sep 2020 10:43:24 +0530</pubDate>
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