GST exemption on the upfront amount payable in for long term lease of plots, under Notification (12/2017) No. FD 48 CSL 2017, dated 29.06.2017

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....9, Dated: 02-05-2019. COMMISSIONER OF COMMERCIAL TAXES CIRCULAR No. GST-05/2019-20 Subject: GST exemption on the upfront amount payable in for long term lease of plots, under Notification (12/2017) No. FD 48 CSL 2017, dated 29.06.2017.-reg. Representations have been received seeking clarification regarding admissibility of GST exemption on the upfront amount which is determined upfront but is p....

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....usiness, provided by the State Government Industrial Development Corporations or Undertakings or by any other entity having 50 per cent. or more ownership of Central Government, State Government, Union territory to the industrial units or the developers in any industrial or financial business area." NIL NIL 3. It is hereby clarified that GST exemption on the upfront amount (called as premium, ....