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of <h1>GST Exemption for Long-Term Leases of Industrial Plots with 20% Government Ownership Under Entry 41</h1> Leasing services to the government are exempt from GST under specific conditions. Entry 41 exempts upfront amounts for long-term leases (30 years or more) of industrial plots or plots for financial infrastructure development, provided by entities with at least 20% government ownership. The exemption applies regardless of whether the amount is paid in installments, as long as it is determined upfront. The leased plots must be used for their intended industrial or financial purposes, and the state government must enforce compliance. Any violation or change in land use results in joint liability for central tax payment by all involved parties.
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