When one surrenders TENANCY RIGHTS, say for Rs. 50 Lakhs, is GST leviable?
as per 2(102) of CGST ACT
services means "anything other than goods"
Schedule III - Para 5 excludes SALE OF LAND OR BUILDING OR BOTH.
Circular No.44/18/2018-CGST gives you clarification on this issue and therefore the activity of transfer of ‘tenancy rights’ is covered under the scope of supply and taxable under GST.
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