TaxTMI 
TaxTMI 
Gst on upfront feed
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....st on upfront feed<br> Query (Issue) Started By: - Bibhu Tripathy Dated:- 21-7-2020 Last Reply Date:- 23-7-2020 Goods and Services Tax - GST<br>Got 8 Replies<br>GST<br>sir, Whether GST on upfront fees paid on the lease of mines granted during March 2020 is payable. with regards Reply By Mahir S: The Reply: The query is not complete as details of such upfront fees paid is required to be elabora....
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....ted . Reply By Bibhu Tripathy: The Reply: mining lease has been granted to a person. Then as per the demand, Upfront fees has been paid. Whether such upfront fee is liable to GST . Reply By Mahir S: The Reply: The query is still not clear. However, you may refer Board circular 101/20/2019 GST dated 30.04.2019, wherein GST exemption is granted to certain upfront fees. Please check if the upf....
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....ront fees paid by you are covered under the said Circular. Reply By Rajagopalan Ranganathan: The Reply: Sir, The entry at S. No. 41 of Notification 12/2017-Central Tax (R), dated 28-6-2017 reads as under:- "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 m....
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....ore) 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 the industrial units or the developers in any industrial or financial business area." (Heading 9972). ....
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.... Lease of mines is not covered by the Notification Hence gst is payable on upfront charges. Reply By Bibhu Tripathy: The Reply: Thank you sir. It also appeared to me. Also pl.analyse notf. no. 12/17 gst rate sl.no. 64 Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: I endorse the views of Shri Renganathan Reply By KASTURI SETHI: The Reply: Serial No.64 of Notification No.12/17-CT(Rate) dated 2....
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....8.6.17 does not help as the exemption is conditional (tax payable on one time charge ) pertaining to the period before 1.4.16 i.e. right to use was assigned before 1.4.16 Reply By Bibhu Tripathy: The Reply: Thank you Kastury sir. It imnates that GST is payable on Upfront fees. No there is no iota of doubt. Is it 18% or 5%<br> Discussion Forum - Knowledge Sharing ....