CGST: Any lease or letting out of a building, including commercial, industrial or residential complex for business, either wholly or partly is a supply of goods or supply of services. Thus, consideration therefore as a premium/one-time premium is a measure on which tax is levied, assessed and recovered. Hence, demand for payment of GST on one-time lease premium consideration paid by assessee for entering into lease with City Industrial and Development Corporation of Maharashtra Limited (CIDCO) was justified
Citation: [2018] 92 taxmann.com 134 (Bombay)