Leasing Services to Government Entry 41

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....for development of infrastructure for financial business, provided by the State Government Industrial Development Corporations or Undertakings or by any other entity having 20% or more ownership of Central Government, State Government, Union territory to the industrial units or the developers in any industrial or financial business area. Explanation - For the purpose of this exemption, the Centr....

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....ginal lessor, original lessee as well as any subsequent lessee/ buyer/ owner shall be jointly and severally liable to pay such amount of central tax, as would have been payable on the upfront amount charged for the long term Few Clarifications on above Circular No. 101/20/2019-GST clarifies that Issues Held that Whether GST exemption is applicable on the upfront amount which is determined u....