Liquor license

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....iquor license<br> Query (Issue) Started By: - Ethirajan Parthasarathy Dated:- 9-8-2018 Last Reply Date:- 13-8-2018 Income Tax<br>Got 3 Replies<br>Income Tax<br>An Assesses has leased out the liquor li....

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....cense (for Retail Trade) to another Party. As per terms of the contract, the lessee shall pay fixed amount monthly and also the annual fee payable for the license at the time of renewal. The lesser ....

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....is entitled to take credit of TCS done on purchase made by lessee. There are three components * Monthly lease charges * TCS benefit * Annual license fee paid by the lessee I am of the opinion ....

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....all the three will have to be offered to tax both for Income tax as well as GST. Please Confirm. Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: In my view, yes. Reply By Himansu Sekhar: The Reply:....

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.... Monthly lease attracts gst at the actual owners end.Annual license fee paid to Govt. by the actual owners on reverse charge basis debatable There may be Govt clarifications Reply By Himansu Sekhar....

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....: The Reply: Other experts may give some clarifications for academic purposes.<br> Discussion Forum - Knowledge Sharing ....