Please any one explain TENANCY RIGHTS undar GST CBIC circular 44/18/2018
Apart from the right to live in the property, the owner may give the tenant a right to sell his tenancy right to a third party. Here, tenancy right would mean the right to live in/ use this property. The tenant pays some amount to get this right and become a part owner of the house/property alone and not the land. Tenancy premium amount paid by the owner of the property to the tenant, to leave the property before the time it was agreed between them. Transfer of Tenancy Rights for Tenancy premium is considered as supply it will be taxable under GST. GST will be applicable even in cases where stamp duty and registration fees are paid. The tenancy premium given to the tenant (outgoing tenant) will be taxable under GST.