Long Lease of land is sale of Land

In Lavasa Corporation Ltd. v. Jitendra Jagdish Tulsiani [2018] (Bombay HC), agreement of lease was executed to take apartments on long term lease of 999 years. Most importantly 80% of the cost was paid and substantial amount of stamp duty and registration charges were paid. Lease rent was nominal Rs. 1 p.a. It was held […]

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Is service exporter needs to take registration if aggregate turnover is only Rs. 9 Lakhs?

As per Section 24 (i), anyone making inter-state taxable supplies, is compulsorily required to register. The biggest brunt of this was felt by the exporter engaged in service sector i.e. freelancer working in software sector. Exports have been categorised as “zero-rated” and hence “0%” GST was applicable to it. However, since exports were essentially “inter-state […]

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