https://www.taxtmi.com/forum/issue?id=117235 Schedule II classifies leases of land and buildings as a supply of services. Taxable value is generally the transaction value where parties are unrelated and price is sole consideration; if not, determine assessable value by reference to open market value and the Valuation Rules (Rules 27 and 28). Terms of the agreement must be considered and compulsory inclusions under section 15(2) added to the invoice price to arrive at taxable value. en-us Wed, 19 May 2021 18:25:18 +0530 Thu, 23 Jan 2025 15:54:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117235 Schedule II classifies leases of land and buildings as a supply of services. Taxable value is generally the transaction value where parties are unrelated and price is sole consideration; if not, determine assessable value by reference to open market value and the Valuation Rules (Rules 27 and 28). Terms of the agreement must be considered and compulsory inclusions under section 15(2) added to the invoice price to arrive at taxable value. Discussion-Forum GST Wed, 19 May 2021 18:25:18 +0530 https://www.taxtmi.com/forum/issue?id=117235