GST on Exchange of Tenancy Rights

Home Forums GST GST on Exchange of Tenancy Rights

This topic contains 1 reply, has 2 voices, and was last updated by  Pratibha Goyal 4 weeks, 1 day ago.

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #52641

    chandravijayshah
    Participant

    A Tenant gets a Flat in a Redeveloped Building in exchange of Tenancy Rights. Is GST attracted on this exchange? If yes, rate of GST?

    #52653

    Pratibha Goyal
    Participant

    Hello Sir

    One important thing to note is that GST is applicable in case of barter also, that is where the consideration is not in money.

    In your case, Tenant gets a flat for tenancy rights.

    Tenant is the seller of tenancy rights and he gets flat as a consideration.

    GST would be applicable on transfer of Tenancy right.

    Rate of GST would be 18% in this case.

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.