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<h1>GST exemption on upfront amount for long term lease applies even when paid in instalments, if determined upfront.</h1> The GST exemption under Entry No.41 of Notification No.12/2017 applies to upfront amounts (premium, salami, cost, price, development charges or by any other name) for long term leases of industrial or financial infrastructure plots provided by government or majority government-owned entities; the exemption is admissible provided the amount is determined upfront, irrespective of whether it is paid in one or more instalments.
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