Upfront amount exemption applies where amount is determined upfront, allowing installment payments for long-term lease arrangements. The exemption applies to the upfront amount for long-term leases of industrial or financial infrastructure plots (thirty years or more) provided by State industrial development corporations or entities with majority public ownership. The exemption remains admissible if the upfront amount is paid in one or more installments, provided the total amount is determined upfront as per Sl. No. 41 read with Central Notification 12/2017-Central Tax (Rate).
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.
Upfront amount exemption applies where amount is determined upfront, allowing installment payments for long-term lease arrangements.
The exemption applies to the upfront amount for long-term leases of industrial or financial infrastructure plots (thirty years or more) provided by State industrial development corporations or entities with majority public ownership. The exemption remains admissible if the upfront amount is paid in one or more installments, provided the total amount is determined upfront as per Sl. No. 41 read with Central Notification 12/2017-Central Tax (Rate).
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