Real estate service tax treatment: government land leases nil while other real estate services attract standard GST rate. Heading 9972: services by government authorities by way of lease of land to governmental entities are nil-rated; lease or sub lease of land forming part of composite supply of construction of flats is nil-rated but the exemption does not apply to lease charges exceeding one third of the total composite consideration (as defined in paragraph 2); all other real estate services are subject to the standard GST rate for such services.