GST | Valuation Archives - Srinivasan V, Advocate

October 5, 2020September 12, 2021GST RulingsGST | Taxable Value, GST | Valuation

Is GST Payable on Notional Interest Arising from Rent Deposit?

Property owners collect security deposit from tenants while renting out immovable property. Such deposit is refundable (usually, with no interest) to the tenant at the end of lease term / while vacating the premises, subject to deductions as per the terms of agreement between the tenant and the property owner. Hence, the property owner enjoys […]

October 3, 2020GST PostsGST | Taxable Value, GST | Valuation

Is Property Tax Deductible While Calculating Taxable Value on Renting Service under GST Law?

Even after crossing three years from the inception of GST law, some of the taxpayers assume that property tax can be deducted while calculating the taxable value. This post is intended to dispel such incorrect assumption. Under the Service Tax law, Notification No.29/2012-S.T. dated June 20, 2012 provided exemption by way of deduction of property […]

Srinivasan V, Advocate

FCA, LL.B. (Hons.)

Tag: GST | Valuation

Is GST Payable on Notional Interest Arising from Rent Deposit?

Is Property Tax Deductible While Calculating Taxable Value on Renting Service under GST Law?