Damages from Tenant towards termination of sub-lease before end of lock-in period amounts to Consideration for Supply, 18% GST Applicable: AAR [Read Order]

AAR - GST - termination - taxscan

The Karnataka Authority of Advanced Ruling (AAR) ruled that damages from tenant towards termination of sub-lease before end of lock-in period amounts to consideration for supply and that 18% Goods and Service Tax (GST) is applicable. The issue to be decided was whether damages received by the applicant amounting to Rs.1,85,00,000/- from the tenant towards…

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