https://www.taxtmi.com/caselaws?id=757671 Exemption under entry 41 of Notification No. 12/2017-Central Tax (Rate) for upfront premium on a 30-year land lease was available only if all prescribed conditions were met. The record did not establish that the leased plot was an industrial plot used in the manner contemplated by the notification, and the allotment materials indicated GST was payable on the premium rather than exempt. The requirement that the lessor be owned or controlled by the Central Government to the extent of at least 20 per cent was also not satisfied, because the port authority's Board had the relevant administrative and financial powers and central oversight was only supervisory. en-us Mon, 29 Jul 2024 00:00:00 +0530 Thu, 08 May 2025 11:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757671 Exemption under entry 41 of Notification No. 12/2017-Central Tax (Rate) for upfront premium on a 30-year land lease was available only if all prescribed conditions were met. The record did not establish that the leased plot was an industrial plot used in the manner contemplated by the notification, and the allotment materials indicated GST was payable on the premium rather than exempt. The requirement that the lessor be owned or controlled by the Central Government to the extent of at least 20 per cent was also not satisfied, because the port authority's Board had the relevant administrative and financial powers and central oversight was only supervisory. Case-Laws GST Mon, 29 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757671