https://www.taxtmi.com/caselaws?id=448692 AAR West Bengal ruled that services of leasing land for industrial purposes by SMPK to applicant do not qualify for GST exemption under entry 41 of Notification No. 12/2017-Central Tax (Rate). The Authority held that SMPK cannot be regarded as an entity with 20% or more Central Government ownership merely because its accounts are audited by CAG or it is registered as tax deductor under GST Act section 51. Therefore, the upfront premium payable for land leasing services is not exempt supply and attracts GST. 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 AAR West Bengal ruled that services of leasing land for industrial purposes by SMPK to applicant do not qualify for GST exemption under entry 41 of Notification No. 12/2017-Central Tax (Rate). The Authority held that SMPK cannot be regarded as an entity with 20% or more Central Government ownership merely because its accounts are audited by CAG or it is registered as tax deductor under GST Act section 51. Therefore, the upfront premium payable for land leasing services is not exempt supply and attracts GST. Case-Laws GST Wed, 20 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448692