In relief to tenants, AAR allows tax credit on GST paid on upfront lease premium

Till now, tax authorities have been mostly disallowing input tax credit on upfront lease premium, arguing that this transaction is similar to immovable property and since no input tax credit is allowed in any real estate deal the same principal should apply to lease premiums, experts said.

from Economy-News-Economic Times https://ift.tt/B28f9wI
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