https://www.taxtmi.com/article/detailed?id=14787 Entry 41 exempts upfront amounts for long-term leases of land used for industrial plots or for development of infrastructure for financial business, available only when the lessor meets the prescribed public-ownership threshold (directly or through a wholly owned intermediary). The exemption is conditional: plots must be used for the stated activities in designated areas; State Governments monitor compliance; original and subsequent parties are jointly and severally liable for GST with interest and penalty on breach; and lease agreements must record the conditional exemption and undertakings to comply. en-us Fri, 11 Jul 2025 08:41:05 +0530 Fri, 11 Jul 2025 08:41:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=14787 Entry 41 exempts upfront amounts for long-term leases of land used for industrial plots or for development of infrastructure for financial business, available only when the lessor meets the prescribed public-ownership threshold (directly or through a wholly owned intermediary). The exemption is conditional: plots must be used for the stated activities in designated areas; State Governments monitor compliance; original and subsequent parties are jointly and severally liable for GST with interest and penalty on breach; and lease agreements must record the conditional exemption and undertakings to comply. Articles Goods and Services Tax - GST Fri, 11 Jul 2025 08:41:05 +0530 https://www.taxtmi.com/article/detailed?id=14787