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HC Upholds Levy Of GST On One-Time Premium Charged For Letting Land On Lease Basis

The Bombay High Court in Builders Association of Navi Mumbai vs Commissioner of Goods and Service Tax has upheld the Goods and Services Tax (GST) levied by the Central Industrial and Development Corporation of Maharashtra Limited (CIDCO) on one-time lease premium charged for letting out plots of land on lease basis.

The bench of Justice SC Dharmadhikari and Justice PD Naik were hearing a writ petition filed by the Builders Association of Navi Mumbai and another realtor based out of Navi Mumbai. They challenged the levy of 18% GST on one-time lease premium charged and sought directions to refrain CIDCO from levying GST on members of the petitioner association as well as the second petitioner for such transaction.

 Article referred: http://www.livelaw.in/bombay-hc-upholds-levy-gst-one-time-premium-charged-letting-land-lease-basis-read-judgment/

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