GST Applies to Long-term Lease Premium Paid by Jinmangal Corp to Ahmedabad Urban Development Authority, Says AAR u/s 7(1) CGST Act.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Levy of tax (GST) on one time long term lease premium payable/paid by the Jinmangal Corporation to Ahmedabad Urban Development Authority - supply or not - long term lease for a period exceeding 30 years - this activity i.e. lease of plot and payment of one time lease premium / salami and annual premium paid by the applicant for lease of commercial plot/land is a ‘supply’ and covered u/s 7(1) of CGST Act, 2017 - AAR....