Case LawAAR/JHR/2021-22/07
Ranchi Smart City Corporation Limited ., In re
- Court:
- Authority for Advance Ruling
- Bench:
- Jharkhand
- Date:
- January 3, 2022
- Type:
- Advance Ruling
- Members:
- M V Badri Prasad, Pradeep Kumar
Subject
Transfer of leasehold land is taxable under Leasing services and attracts GST @ 18%
SupplyGovernment Entity
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…
Judgement
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…