GST exemption on the upfront amount payable in for long term lease of plots, under Notification 12/2017-Central Tax (R) S.No. 41 dated 28.06.2017.

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....ONER OF STATE TAX Dated: 02.05.2019 Circular No. 71/2019-TNGST (RC No.26/2019/A1/Taxation) Sub: GST exemption on the upfront amount payable in for long term lease of plots, under Notification 12/2017-Central Tax (R) S.No. 41 dated 28.06.2017 -reg. Representations have been received seeking clarification regarding admissibility of GST exemption on the upfront amount which is determined upfront....

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....ther name) payable in respect of service by way of granting of long term lease (of thirty years, or more) of industrial plots or plots for development of infrastructure for financial business, 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 t....