https://www.taxtmi.com/caselaws?id=456360 The AAAR Goa rejected a rectification application regarding GST levy on one-time concession fee for long-term lease. The Authority held that the concession period commenced on 16.01.2018 when the upfront concession fee was credited, not when the agreement was executed on 9.12.2016. Since GST Act 2017 came into effect on 01.07.2017, prior to the concession period commencement, GST provisions applied to the transaction. The upfront concession fee constituted consideration for service provision under GST Act. The transaction did not qualify for exemption under Notification No. 41/2016-S.T. The Authority found no error apparent on record in the original order, rejecting the rectification application. en-us Tue, 16 Nov 2021 00:00:00 +0530 Thu, 27 Mar 2025 16:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456360 The AAAR Goa rejected a rectification application regarding GST levy on one-time concession fee for long-term lease. The Authority held that the concession period commenced on 16.01.2018 when the upfront concession fee was credited, not when the agreement was executed on 9.12.2016. Since GST Act 2017 came into effect on 01.07.2017, prior to the concession period commencement, GST provisions applied to the transaction. The upfront concession fee constituted consideration for service provision under GST Act. The transaction did not qualify for exemption under Notification No. 41/2016-S.T. The Authority found no error apparent on record in the original order, rejecting the rectification application. Case-Laws GST Tue, 16 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456360