Bengaluru Metro Rail Project Compensation Tax Ruling
Sector: Rail • Location: Bengaluru, Karnataka, India
Source: Times of India
The Karnataka High Court ruled that solatium, the additional compensation for emotional and involuntary loss of land, cannot be taxed under the Goods and Services Tax (GST) regime. This decision came as a relief to landowners whose land was acquired for the Bengaluru Metro Rail Project.
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Description
Description | The Karnataka High Court ruled that solatium, the additional compensation for emotional and involuntary loss of land, cannot be taxed under the Goods and Services Tax (GST) regime. This decision came as a relief to landowners whose land was acquired for the Bengaluru Metro Rail Project. |
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