<h1>GST exemption on upfront lease premium for long term industrial and financial plots subject to use condition and joint liability on misuse.</h1> Exemption applies to upfront amounts charged for long term leases of industrial or financial infrastructure plots by State Government development bodies or entities with significant government ownership, subject to use for allotted industrial or financial purposes and State monitoring. If land use conditions are violated or change, the original lessor, original lessee and any subsequent lessee, buyer or owner are jointly and severally liable to pay the integrated tax that would have been payable on the upfront amount, with interest and penalty. Lease and sale documents must disclose the exemption and bind parties to compliance. Clarifications address treatment of preferential location charges and installment payments of upfront amounts.