99-Year Land Lease with RLDA Not Exempt from GST; Not for Industrial or Financial Use.

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....Exemption from GST - Lease Agreement between the Applicant Company i.e. the Lessee and RLDA for a period of 99 years - RLDA is just providing a parcel of land which is in its ownership therefore; the lease of the same cannot be categorized as meeting condition of industrial plot and for the purpose of financial business. - This activity is not exempted from levy of GST.....