https://www.taxtmi.com/caselaws?id=413316 Consideration collected by a non-government developer from its members for allotment and long-term lease of developed plots was held taxable as consideration for supply of service under GST, because lease of land remains a service and the transaction did not become a sale merely due to stamp duty or contemplated transfer of rights. The exemption in Entry No. 41 of Notification No. 12/2017 was denied because the applicant was not the specified government industrial development corporation or undertaking, and the amount recovered was not the exempt upfront lease amount. GST liability was held to arise from 1.7.2017, and statutory interest followed as a consequence of delayed payment. en-us Wed, 15 Sep 2021 00:00:00 +0530 Thu, 27 Mar 2025 15:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413316 Consideration collected by a non-government developer from its members for allotment and long-term lease of developed plots was held taxable as consideration for supply of service under GST, because lease of land remains a service and the transaction did not become a sale merely due to stamp duty or contemplated transfer of rights. The exemption in Entry No. 41 of Notification No. 12/2017 was denied because the applicant was not the specified government industrial development corporation or undertaking, and the amount recovered was not the exempt upfront lease amount. GST liability was held to arise from 1.7.2017, and statutory interest followed as a consequence of delayed payment. Case-Laws GST Wed, 15 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413316