Amount paid for early termination of the lease constitutes consideration for the supply

Amount paid for early termination of the lease constitutes consideration for the supply https://www.taxtmi.com/article/detailed?id=12205 Payments received for early termination of a sub-lease-including forfeited deposits and settlement amounts termed as damages-constitute consideration for a supply where the recipient tolerates or refrains from enforcing a contractual lock in obligation, falling within Schedule II clause 5(e) and treated as ancillary to the principal rental supply subject to GST. en-us Wed, 10 Jan 2024 09:24:16 +0530 Wed, 10 Jan 2024 09:24:16 +0530 TaxTMI RSS Generator Amount paid for early termination of the lease constitutes consideration for the supply https://www.taxtmi.com/article/detailed?id=12205 Payments received for early termination of a sub-lease-including forfeited deposits and settlement amounts termed as damages-constitute consideration for a supply where the recipient tolerates or refrains from enforcing a contractual lock in obligation, falling within Schedule II clause 5(e) and treated as ancillary to the principal rental supply subject to GST. Articles Goods and Services Tax - GST Wed, 10 Jan 2024 09:24:16 +0530 https://www.taxtmi.com/article/detailed?id=12205