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For commercial property, the lessor is obligated to pay GST on rent

The Rajasthan bench of the Authority for Advance Rulings has held that GST (Goods and Services Tax) is applicable on the rent if a residential property is used for commercial property by a lessee.  In the case of Deepak Jain (the applicant) who had leased out his property to a private limited company, which was…

CM Shinde : MoU worth Rs 10,000 crore signed with Web Werks for data centre

The investment proposal has the potential to create direct employment for 1,500 people, CM Shinde said. The Maharashtra government has signed a memorandum of understanding (MoU) worth Rs 10,000 crore with Web Werks for investment in a mega IT/ITES data centre in the state in the next five years, Chief Minister Eknath Shinde’s office has…

Table Space, Runwal ink 10-year, Rs 333-cr Mumbai office lease deal

Mumbai office deal lease : Table Space, a managed workspace provider, has finalized an agreement with real estate developer Runwal to mumbai office deal lease more than 1.31 lakh sq ft of office space in Runwal R Square, a Grade A commercial development in Mumbai’s Andheri suburb. The long-term lease spans over 10 years, with a cumulative…

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