who is liable to pay gst on surrendering of tenancy rights in case of a commercial property.
What would be the GST Rate?
Is it Chargeable on RCM basis?
and will the input credit on gst paid will be available?
The outgoing tenant who is surrendering the tenancy rights against consideration is liable to charge GST.
Rate of GST is 18% & it's on FC.
Kindly refer Circular 44/18/2018 GST for complete information on the same.
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