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of <h1>Himachal Pradesh: GST Exemption Clarified for Upfront Payments on Long-term Industrial Plot Leases, Effective 30.04.2019.</h1> The circular from the Himachal Pradesh Excise and Taxation Department clarifies the GST exemption on upfront amounts payable for long-term leases of industrial plots or plots for financial infrastructure development. According to Notification 12/2017 - State Tax (R), S. No. 41, dated 30.06.2017, these amounts, whether paid in full or in installments, are exempt from GST if determined upfront. This applies to leases of thirty years or more provided by state government entities or those with significant government ownership. The circular is effective from 30.04.2019, and any implementation issues should be reported to the department.
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