https://www.taxtmi.com/schedules?id=9575 Exemption applies to upfront amounts charged for long term leases of industrial or financial infrastructure plots by State Government development bodies or entities with significant government ownership, subject to use for allotted industrial or financial purposes and State monitoring. If land use conditions are violated or change, the original lessor, original lessee and any subsequent lessee, buyer or owner are jointly and severally liable to pay the integrated tax that would have been payable on the upfront amount, with interest and penalty. Lease and sale documents must disclose the exemption and bind parties to compliance. Clarifications address treatment of preferential location charges and installment payments of upfront amounts. en-us Sat, 01 Jul 2017 17:12:00 +0530 Tue, 18 Mar 2025 16:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/schedules?id=9575 Exemption applies to upfront amounts charged for long term leases of industrial or financial infrastructure plots by State Government development bodies or entities with significant government ownership, subject to use for allotted industrial or financial purposes and State monitoring. If land use conditions are violated or change, the original lessor, original lessee and any subsequent lessee, buyer or owner are jointly and severally liable to pay the integrated tax that would have been payable on the upfront amount, with interest and penalty. Lease and sale documents must disclose the exemption and bind parties to compliance. Clarifications address treatment of preferential location charges and installment payments of upfront amounts. Schedules GST Sat, 01 Jul 2017 17:12:00 +0530 https://www.taxtmi.com/schedules?id=9575