https://www.taxtmi.com/caselaws?id=368375 An upfront amount payable for granting a long-term lease of thirty years or more may fall within the GST exemption in Sl. No. 41 of Notification No. 12/2017-Central Tax (Rate), as amended, where the prescribed conditions are met. The exemption covers amounts described as premium, salami, cost, price or development charges for services by way of granting long-term lease of industrial plots or plots for development of infrastructure for financial business. On a plain reading of the notification, such upfront consideration is not taxable when the conditions of the exemption entry are satisfied. en-us Wed, 06 Jun 2018 00:00:00 +0530 Wed, 05 Mar 2025 14:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368375 An upfront amount payable for granting a long-term lease of thirty years or more may fall within the GST exemption in Sl. No. 41 of Notification No. 12/2017-Central Tax (Rate), as amended, where the prescribed conditions are met. The exemption covers amounts described as premium, salami, cost, price or development charges for services by way of granting long-term lease of industrial plots or plots for development of infrastructure for financial business. On a plain reading of the notification, such upfront consideration is not taxable when the conditions of the exemption entry are satisfied. Case-Laws GST Wed, 06 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368375