GST exemption on the upfront amount payable in installments for long term lease of plots, under G.O.Ms.No.588, Revenue (Commercial Taxes-II), 12th December, 2017 {corresponding Notification 12/2017 - Central Tax (rate) dated 28.06.2017}.

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.... COMMERCIAL TAXES DEPARTMENT Proceedings of the Chief Commissioner of State Tax Present: Sri.J.Syamala Rao, I.A.S. O/o The Chief Commissioner of State Taxes, Eedupugallu. CCSTs ref. CCW/74/GST/2015 Dt. 16.05.2019 Circular No. 24/2019 Subject: GST exemption on the upfront amount payable in installments for long term lease of plots, under G.O.Ms.No.588, Revenue (Commercial Ta....

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....nt.) Condition (1) (2) (3) (4) (5) 41 Heading 9972 "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 Industri....