GST Applicable on Capital Contribution of Leasehold Property Due to Supply of Service: AAR Odisha

In re Aryapride Hotel and Convention Private Limited (GST AAR Odisha) The Authority for Advance Ruling, Karnataka, examined the GST implications of a proposed transaction involving the contribution of developed leasehold land and a constructed hotel project by a company to a Limited Liability Partnership (LLP) as capital contribution. The applicant, a private limited company, had undertaken construction of a hotel-cum-commercial project on leased land and proposed to enter into an LLP with another entity for operating the hotel portion of the project. Under the arrangement, the applicant would...