GST exemption on upfront amount confirmed for long term leases where premium is determined upfront, payable in instalments. The notification grants GST exemption on the upfront amount (premium, salami, cost, price, development charges or by any other name) for long term leases of thirty years or more of industrial plots or plots for development of infrastructure for financial business by government owned entities; the exemption applies where the upfront amount is determined at grant, regardless of whether it is paid in one lump sum or by 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 amount confirmed for long term leases where premium is determined upfront, payable in instalments.
The notification grants GST exemption on the upfront amount (premium, salami, cost, price, development charges or by any other name) for long term leases of thirty years or more of industrial plots or plots for development of infrastructure for financial business by government owned entities; the exemption applies where the upfront amount is determined at grant, regardless of whether it is paid in one lump sum or by instalments.
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