AAR: GST leviable on the compensation paid to lessor for vacating its claim
Last updated: 27 January 2020
Court :
The Hon'ble AAR
Brief :
The Hon'ble AAR, Goa in the matter of M/s Goa Industrial Development Corporation [AAR No. GOA/GAAR/01 of 2019-20/1875 dated October 17, 2019] has held that the compensation paid by the Applicant on lessor's deposit would clearly qualify as 'supply of service' under clause 5 of Schedule II of the CGST Act, 2017 ('CGST Act') and therefore liable to GST.
Citation :
M/s Goa Industrial Development Corporation [AAR No. GOA/GAAR/01 of 2019-20/1875 dated October 17, 2019]
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Bimal Jain
Published in GST
Views : 685
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