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Land leasing, renting to attract GST from July 1

Land leasing, renting to attract GST from July 1

Tuesday, March 28, 2017, 5:00 PM

Come July 1 and leasing of land, renting of buildings as well as EMIs paid for purchase of under-construction houses will start attracting the GST. Sale of land and buildings will be however out of the purview of GST, the new indirect tax regime. Such transactions will continue to attract the stamp duty, according to the legislation Arun Jaitley introduced in the Lok Sabha.
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