https://www.taxtmi.com/manuals?id=5673 Section 7(1A) read with para 2 of Schedule II treats transfers of property in goods at a future date (including hire purchase and finance-lease arrangements that transfer substantially all risks and rewards) as supply of goods, while any lease, tenancy, easement or licence to occupy land or letting out of buildings is a supply of services. Classification hinges on substance (transfer of title, risks and rewards, lease term, present value of payments). Administrative guidance confirms tenancy-right transfers for consideration are taxable as services, notwithstanding stamp duty or registration. en-us Sat, 26 Oct 2024 13:44:00 +0530 Thu, 07 Nov 2024 11:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=5673 Section 7(1A) read with para 2 of Schedule II treats transfers of property in goods at a future date (including hire purchase and finance-lease arrangements that transfer substantially all risks and rewards) as supply of goods, while any lease, tenancy, easement or licence to occupy land or letting out of buildings is a supply of services. Classification hinges on substance (transfer of title, risks and rewards, lease term, present value of payments). Administrative guidance confirms tenancy-right transfers for consideration are taxable as services, notwithstanding stamp duty or registration. Manuals GST Sat, 26 Oct 2024 13:44:00 +0530 https://www.taxtmi.com/manuals?id=5673