https://www.taxtmi.com/caselaws?id=448692 Upfront premium for a thirty-year lease of land for a commercial office complex was found outside entry 41 of Notification No. 12/2017-Central Tax (Rate) because the exemption applies only to long-term leases of industrial plots or plots for infrastructure for financial business, and only where the supplier is a specified government development body or an entity with 20% or more government ownership. The material showing SMPK as an autonomous body, a tax deductor, and CAG-audited did not establish the required government ownership or control, and section 51 tax-deductor status was held insufficient to satisfy the exemption condition. The leasing supply was therefore not exempt. en-us Wed, 20 Dec 2023 00:00:00 +0530 Fri, 25 Apr 2025 12:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448692 Upfront premium for a thirty-year lease of land for a commercial office complex was found outside entry 41 of Notification No. 12/2017-Central Tax (Rate) because the exemption applies only to long-term leases of industrial plots or plots for infrastructure for financial business, and only where the supplier is a specified government development body or an entity with 20% or more government ownership. The material showing SMPK as an autonomous body, a tax deductor, and CAG-audited did not establish the required government ownership or control, and section 51 tax-deductor status was held insufficient to satisfy the exemption condition. The leasing supply was therefore not exempt. Case-Laws GST Wed, 20 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448692