GST exemption on the upfront amount payable in for long term lease of plots, under Notification 1136-F.T. [12/2017 – State Tax (R)] S. No. 41 dated 28.06.2017
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GST exemption on upfront lease amounts applies when the total consideration is predetermined, even if paid in instalments. GST exemption covers upfront amounts for long-term leases of industrial or financial infrastructure plots provided by state-owned or majority government-owned entities where the total upfront amount is determined at the outset; the exemption remains admissible even if that determined amount is paid in one or more instalments.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
GST exemption on upfront lease amounts applies when the total consideration is predetermined, even if paid in instalments.
GST exemption covers upfront amounts for long-term leases of industrial or financial infrastructure plots provided by state-owned or majority government-owned entities where the total upfront amount is determined at the outset; the exemption remains admissible even if that determined amount is paid in one or more instalments.
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