GST not payable on license fee for Leasing of residential building for residence

In re Kasturi & Sons Ltd. (GST AAR Maharashtra)

AAR held that Applicant is eligible for the exemption from payment of GST on the monthly license fee to be received by them on the proposed letting out on Leave and License Basis of their residential building at Flat No. 19, admeasuring 1305 sq. ft. (carpet) area, on the First floor, Flat No.21, admeasuring 1336 sq.ft on the First Floor, and Terrace T2 Flat admeasuring 1323 sq.ft, on the 6th Floor, of Kasturi Building, situate at Jamshedji Tata Road, Mumbai 400020, to M/s. Life Insurance Corporation of

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