- Ahmedabad Municipal Corporation (AMC) is facing difficulties in leasing out plots and built property due to the 18% GST levied on leases.
- To overcome this issue, the AMC has decided to sell these properties instead of leasing them.
- Selling the properties will eliminate the GST burden on buyers and make them more appealing.
Source: a2ztaxcorp.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "India"
- Supreme Court: VAT Credit Cannot Be Denied Due to Supplier’s Tax Default
- Trickiest countries in which to achieve compliance
- India announces changes in the Invoice Management System
- GST: India’s Grand Federal Bargain Becomes Imperfect Political Compromise After Eight Years
- GST 2.0 Boosts Bengal’s Economy with Rate Cuts on Local Goods and Industries
