https://www.taxtmi.com/article/detailed?id=17495 Upfront lease premiums for land may be exempt from GST under Entry 41 where a lease runs for at least thirty years, the lessor has the prescribed government ownership status, and the plot is used for industrial operations or recognised financial-services infrastructure. Industrial use requires actual manufacturing or comparable physical operations, while financial-business infrastructure requires market-facing financial services rather than internal corporate accounting. Exclusive allotted use is mandatory, and a change of land use may result in tax, interest, and penalty liability. Procedural omissions may be excused, but substantive eligibility conditions require strict compliance. en-us Wed, 30 Sep 2026 10:27:48 +0530 Wed, 30 Sep 2026 10:27:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17495 Upfront lease premiums for land may be exempt from GST under Entry 41 where a lease runs for at least thirty years, the lessor has the prescribed government ownership status, and the plot is used for industrial operations or recognised financial-services infrastructure. Industrial use requires actual manufacturing or comparable physical operations, while financial-business infrastructure requires market-facing financial services rather than internal corporate accounting. Exclusive allotted use is mandatory, and a change of land use may result in tax, interest, and penalty liability. Procedural omissions may be excused, but substantive eligibility conditions require strict compliance. Articles Goods and Services Tax - GST Wed, 30 Sep 2026 10:27:48 +0530 https://www.taxtmi.com/article/detailed?id=17495