GST exemption on upfront amount payable under Notification 12/2017 ST Dated 30.6.2017.

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..... ave been received by the Board seeking clarification regarding admissibility of GST exemption on the upfront amount which is determined upfront but is paid or payable in installments for long term (thirty years, or more) lease of industrial plots or plots for development of financial infrastructure under Notification 12/2017-State Tax (Rate) S. No.41 dated 30.06.2017. 2. The matter has b .....

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..... or 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. NIL NIL .....

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