Leasing services provided by Indian Railways for land development attracts 18% GST

The Rajasthan Authority for Advance Ruling has ruled that leasing services provided under a lease agreement entered into for 99 years between Rail Land development Authority (RLDA) and a special purpose vehicle for residential and commercial development is not exempted from GST. The issue to be decided by the state AAR was to do with whether the lease agreement signed between the lessee and RLDA f…