Question ID :
40997
GST ON LONG TERM LEASE
MUNICIPAL CORPORATION CHARGES ONE TIME PREMIUM ON LAND AUCTIONED ON LONG TIME LEASE OF 99 YEARS FOR COMMERCIAL PURPOSE. IN THIE SITUATION WHO IS LIABLE TO PAY GST. MUNICIPAL CORPORATION OR THE BUYER?
Posted by
DARSHAK MAGANLAL THAKKAR
on
Mar 12, 2021
Filed Under
GST
the municipality has to collect and pat gst oh forward charge basis
Posted by
CA. VENKITARAMAN K V on
Mar 12, 2021
Answer ID :
80962
yes municipality has to pay GST on forward charge basis
Posted by
CA. VENKITARAMAN K V on
Mar 13, 2021