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GST ON LEASING
COWRKS leases 290,000 sq ft in Chennai across six centresCOWRKS has significantly boosted its Chennai operations. Six new centres are now open, adding over 3,900 desks to the city. This expansion ...
M&M Financial shares jumps 10% after Q4 profit surges 55% YoY to Rs 873 croreMahindra & Mahindra Financial Services shares jumped 10% after a strong Q4 performance, with net profit rising 55% YoY to Rs 873 crore. Gro...
Liquor stocks have macro tailwinds, but will FTAs become a problem? 6 liquor stocks with an upside potential of up to 26%Supply chain disruptions caused by the US-Israel-Iran conflict have a second-order impact on several industries. The liquor sector is no ex...
Indian ports turning into logistics and industrial hubs, shipping secretary tells investors in SingaporeIndia's ports are becoming major logistics hubs. Cargo capacity has doubled and will reach 3,500 million tonnes per annum by 2030. The nati...
No GST on leasing out residential premises as hostel for students: Supreme CourtA bench of justices JB Pardiwala and KV Viswanathan upheld the verdict of the Karnataka High Court which said that leasing out of residenti...
In relief to tenants, AAR allows tax credit on GST paid on upfront lease premiumTill now, tax authorities have been mostly disallowing input tax credit on upfront lease premium, arguing that this transaction is similar ...
When is 18% GST applicable for renting of residential properties?To keep things simple, the liability to deposit GST has fallen on the tenant. The landlord is neither required to obtain any registration u...
No input tax credit for 99-year lease: AAARMost companies and hotels pay GST at 18% on lease rentals and claim credit to reduce their tax outgo. Also in many instances the leased pro...
Reduced GST on leasing would have helped in the market recovery: ExpertsThey feel reduced GST on leasing would have helped in the recovery of the office space segment, which has been the most impacted sector due...
Karnataka AAR ruling: Subletting, leasing under GST ambitIn a case involving about 42 single rooms having been sublet by a tenant to students for periods ranging between three months to 11 months,...
Companies drag government to court over GST on long-term land lease pactsThe companies filed a writ petition in the Rajasthan High Court demanding that either GST be removed from such transactions or they be allo...
No GST on support services to farmers: Finance MinistryA clarification was issued stating that the renting or leasing of land by farmers for agriculture, forestry, fishing or animal husbandry wa...
Leased vehicles: Government provides clarity on tax rateThe GST Council, comprising Union Finance Minister Arun Jaitley and state finance ministers, in its last meeting on October 6 had decided t...
High GST may taper leasing industry growthApart from GST rates, there are other issues like input tax credit, penal interest/charges for delayed remittance of EMI and sale of reposs...
IndiGo, Vistara and AirAsia India fail to use imported aircraft as confusion lingers on GST lease rulesThe customs and excise department has sought a 5% levy on the total cost of the aircraft and another 5% GST on lease rentals. The airlines ...
GST may derail Ola, Uber's cab-leasing programmesEmployees associated with the driver experience teams indicate challenges dealing with a further backlash from the drivers in the coming mo...
Leasing firms want cess dropped on cars on-roadAll cars sold from July 1, including the smaller ones, will face a cess in addition to 28% GST. The cess will vary depending on size, engin...
Corporate executives rush to foreclose car leases before GSTCab aggregators such as Uber and Ola that have about 30,000 leased cars also face this threat. Lease rentals could rise by 25-30% in the GS...
GST Impact: What happens to auto loans from July 1With liberalization of the economy, India has witnessed significant growth in terms of business and consumption during the past couple of d...
GST to spur double-digit growth in hiring across sectors: ReportHR services provider TeamLease said that GST would not only have a positive impact on the ease of doing business but also propel formal job...