Eye Share : Leasing & Real Estate under GST - Part III

In Part I of the 3 series article, authors Mr. Ankit Kanodia (CA, S.K. Kanodia & Associates) along with Ms. Puja Banthia (CA), analyzed the tax implications on upfront lease premium and further lease arrangement with sub-lessee. In Part II, the authors opined that right to develop a land is a benefit arising out of land, covered within expression ‘land’ under entry number 5 of Schedule III to CGST Act, 2017 which can neither be regarded as supply o...