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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....05 PRESENT: DR. T.V. SOMANATHAN, I.A.S., COMMISSIONER 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 o....

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.... "Upfront amount (called as premium, salami, cost, price, development charges or by any other 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 h....