TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>GST Exemption on Upfront Payments for Long-Term Leases of Industrial Plots Clarified in Notification 12/2017.</h1> The circular addresses the GST exemption on upfront amounts for long-term leases of industrial or financial infrastructure plots as per Notification 12/2017-State Tax (Rate) dated 30.06.2017. It clarifies that the GST exemption applies to upfront amounts, regardless of whether they are paid in installments, as long as the amount is determined upfront. This exemption is applicable to leases of thirty years or more, provided by state government industrial development corporations or entities with at least 50% government ownership. Any issues with implementing this circular should be reported to the Chief Commissioner of State Tax, Gujarat.
TaxTMI 
TaxTMI 
