GST applies on Lease Property Used for Commercial Accommodation: AAR Gujarat

In re Goldie Ashokbhai Shah (GST AAR Gujarat) M/s Goldie Ashokbhai Shah, a GST-registered individual, approached the Gujarat Authority for Advance Ruling (AAR) seeking clarification on the GST applicability for leasing a co-owned property to M/s Ashimara Living Private Limited, an unregistered company. The property, a residential building in Ahmedabad, was proposed to be leased for nine years to be used by the lessee to provide long-term residential accommodation to students and working professionals. The applicant’s query focused on whether the lease service qualifies for exemption under En...