TMI BlogLevy of GST - 99 years Lease agreement - Transaction is in the nature of Sale of immovable property and...Levy of GST - 99 years Lease agreement - Transaction is in the nature of Sale of immovable property and outside GST and is exempt from levy of GST? - Held NO - There is no absolute transfer of property - there is no right to further sale - Agreement is subject of various conditions - Liable to GST ..... X X X X Extracts X X X X X X X X Extracts X X X X
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