GST exemption on upfront amounts for long-term leases permitted if payable in instalments but determined upfront. GST exemption applies to the upfront amount charged for long term leases (thirty years or more) of industrial plots or plots for financial infrastructure under Entry No.41 of Notification 12/2017 - State Tax (R). The exemption is admissible whether that upfront amount is paid in one or more instalments, provided the amount is determined upfront. The clarification is effective from 30.04.2019.
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 amounts for long-term leases permitted if payable in instalments but determined upfront.
GST exemption applies to the upfront amount charged for long term leases (thirty years or more) of industrial plots or plots for financial infrastructure under Entry No.41 of Notification 12/2017 - State Tax (R). The exemption is admissible whether that upfront amount is paid in one or more instalments, provided the amount is determined upfront. The clarification is effective from 30.04.2019.
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