GST exemption on upfront lease premium applies even when paid in instalments, if the amount is determined upfront. GST exemption applies to the upfront amount payable for long term leases of industrial plots or plots for financial business infrastructure by government or majority government entities; the exemption is admissible provided the total upfront amount is determined at the outset, irrespective of whether payment is made in one or multiple 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 premium applies even when paid in instalments, if the amount is determined upfront.
GST exemption applies to the upfront amount payable for long term leases of industrial plots or plots for financial business infrastructure by government or majority government entities; the exemption is admissible provided the total upfront amount is determined at the outset, irrespective of whether payment is made in one or multiple instalments.
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