GST ON SURRENDER OF LEASE

MEENA VIVEK (253 Points)

11 November 2022  
WE ARE A DOMESTIC COMPANY AND WE TOOK A LAND FOR LEASE FROM A SECULAR TRUST FOR 30 YEARS AND THIS YEAR WE HAVE SURRENDER OF LEASE AND BUILDING TO THE LANDLORD AND WE GOT COMPENSATION OF Rs.30/ LAKHS FOR THE SURRENDER OF LEASE.OUR QUERY IS FOR THE SAID AMOUNT GST IS PAYABLE OR NOT.KINDLY CLARIFY.