Kasturi & Sons Ltd ., In re
Date: May 31, 2022
Subject Matter
Letting out a building for the purpose of residential accommodation even to a commercial entity is exempt from GST
Summary
Whether Applicant is eligible for the exemption from payment of GST on the monthly license fee to be received by them on the proposed letting out on Leave and License Basis of their residential building to M/s. Life Insurance Corporation of India for…
The present application has been filed under section 97 of the Central Goods and Services Tax Act, 2017 and the Maharashtra Goods and Services Tax Act, 2017 [hereinafter referred to as “the CGST Act and MGST Act” respectively] by M/s. Kasturi & Sons Ltd. the applicant, seeking an advance ruling in respect of the following question. Whether Applicant is eligible for the exemption fr…