GST exemption on the upfront amount payable in installments for long term lease of plots, under Notification No. 12/2017 - State Tax (R) Sr. No.41 dated 29.06.2017.

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..... 010. TRADE CIRCULAR To, . . No. JC (HQ)-1/GST/2019/CBIC Circular(s)/ADM-8 Trade Circular No. 36T of 2019. Mumbai, dated 17/05/2019 Subject : GST exemption on the upfront amount payable in installments for long term lease of plots, under Notification No. 12/2017 - State Tax (R) Sr. No.41 d .....

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..... Condition (1) (2) (3) (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 gran .....

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..... r Entry No. 41 of Exemption Notification 12/2017-State Tax (R) dated 29.06.2017 is admissible irrespective of whether such upfront amount is payable or paid in one or more instalments, provided the amount is determined upfront. 4. This Trade Circular is clarificatory in nature and hence cannot be made use of for interpretation of provisions of the law. Difficulty if any, in the implemen .....

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