GST exemption on the upfront amount payable in installments for long term lease of plots, under G.O.Ms.No.588, Revenue (Commercial Taxes-II), 12th December, 2017 {corresponding Notification 12/2017 - Central Tax (rate) dated 28.06.2017}.

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..... ceedings of the Chief Commissioner of State Tax Present: Sri.J.Syamala Rao, I.A.S. O/o The Chief Commissioner of State Taxes, Eedupugallu. CCSTs ref. CCW/74/GST/2015 Dt. 16.05.2019 Circular No. 24/2019 Subject: GST exemption on the upfront amount payable in installments for long term lease of plots, under G.O.Ms.No.588, Revenue (Commercial Taxes-II), 12th Decemb .....

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..... n of Services Rate (per cent.) 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 gra .....

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..... .O.Ms.No.588, Revenue (Commercial Taxes-II), 12th December, 2017 {corresponding Notification 12/2017 - Central Tax (R) dated 28.06.20.17} is admissible irrespective of whether such upfront amount is payable or paid in one or more instalments, provided the amount is determined upfront. The field officers are requested to publicize the contents of this circular. Chief Commissioner - Cir .....

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