GST exemption on the upfront amount payable in for long term lease of plots, under Notification 1136-F.T. [12/2017 – State Tax (R)] S. No. 41 dated 28.06.2017

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..... r No. 101/20/2019-GST ) DATED: 02.05.2019 Subject: GST exemption on the upfront amount payable in for long term lease of plots, under Notification 1136-F.T. [12/2017 State Tax (R)] S. No. 41 dated 28.06.2017. Representations have been received by the Commissioner seeking clarification regarding admissibility of GST exemption on the upfront amount which is determin .....

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..... (4) (5) 41 Heading 9972 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 more) of industrial plots or plots for development of infr .....

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..... 8.06.2017 is admissible irrespective of whether such upfront amount is payable or paid in one or more instalments, provided the amount is determined upfront. 4. Difficulty if any, in implementation of this Circular may be brought to notice of the Commissioner. Sd/- (Smaraki Mahapatra) Commissioner, State Tax, West Bengal - Circular - Trade .....

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