GST exemption on upfront amount payable under Notification 12/2017 ST Dated 30.6.2017.

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....y the Board seeking clarification regarding admissibility of GST exemption on the upfront amount which is determined upfront but is paid or payable in installments for long term (thirty years, or more) lease of industrial plots or plots for development of financial infrastructure under Notification 12/2017-State Tax (Rate) S. No.41 dated 30.06.2017. 2. The matter has been examined. The entry at....

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.... in any industrial or financial business area." NIL NIL 3. It is hereby clarified that GST exemption on the upfront amount (called as premium, salami, cost, price, development charges or by any other name) payable for long term lease (of thirty years, or more) of industrial plots or plots for development of infrastructure for financial business under Entry No. 41 of Exemption Notification....