GST exemption on the upfront amount payable in for long term lease of plots, under Notification dated 30/06/2017, at S. No.41.

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..... CIRCULAR (No. 07/2019-20-GST) Subject: GST exemption on the upfront amount payable in for long term lease of plots, under Notification dated 30/06/2017, at S. No.41. Representations have been received seeking clarification regarding admissibility of GST exemption on the upfront amount which is determined upfront but is paid or payable in instalments for long term (thirty years, or more) lease .....

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..... 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 3. It is hereby clarified that GST exemption on the upfront amount (called .....

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