Kedaram Trade Centre ., In re
Date: March 31, 2023
Subject Matter
Lease of commercial units on payment of one time lease premium and annual premium is a "supply" attracting 18% GST
Summary
The applicant received a one-time premium from a lessee for the lease of a commercial unit for 90 years. The question is whether this transaction falls under the definition of supply under GST. Lease of immovable property is considered a supply of se…
FULL TEXT OF THE ORDER OF AUTHORITY FOR ADVANCE RULING, GUJARAT Brief facts: M/s. Kedaram Trade Centre, 15, Nest Bungalows, Ground floor, Nr. Narmada Vasahat, Satellite, Ahmedabad 380 015 [for short —`applicant’] is registered under GST and their GSTIN is 24AAVFK7137P1ZC. 2. The applicant is engaged in the business relating to construction of immovable properties. 3. Government of Guja…