Case of TCG Urban Infrastructure Holdings Private Limited, AAR WB Ruling Dated 14th November 2025. The applicant develops and leases commercial properties and provides essential pre-installed infrastructure and fit-outs to its tenants on a hire or rent basis. AAR held that the supply of services by the applicant will be covered by heading no. 9973 (Leasing or rental services, without operator) and as such it will be taxed under serial no. 17(viii) of the Notification 11/2017 (Rate) dated 28th June 2017. The rate of tax will be 9% CGST+ 9% SGST.