Rate of GST on sub lease of long term right, Goods and Services Tax - GST

[Ramesh Panda]

Sir,

What will be the rate of GST on upfront amount received on sub leasing of industrial plot alloted by State Govt. by the original lease holder for rest of the lease period i.e. more than 30 years. can it be exempt under Notification No. 12/2017-CT(R) under heading 9972.

Posts / Replies

[Prudhvi Jakkula]

In that serial number only service provided by state government to industrial units was exempt. But in this case service was being provided by lessee to another person. So Exemption will not be available.