Ranchi Smart City Corporation Limited ., In re
Date: January 3, 2022
Subject Matter
Transfer of leasehold land is taxable under Leasing services and attracts GST @ 18%
Summary
The amount received by the applicant against transfer of ownership of freehold land. i.e . sale of land is not taxable under GST Act. The amount received by the applicant against transfer of leasehold land is taxable under Leasing services and attrac…
Brief Facts: The applicant have submitted that they are engaged in the allotment of land (Plots) on Leasehold (99 Years)/ Freehold (Residential) basis to eligible bidders through e-auction process for institutional, Residential. Commercial, Public & Semi Public and Mix use as per terms and conditions specified in Jharkhand Smart Cities Land and Other Fixed Assets (Utilization. Allotment and Di…