TMI BlogGST exemption on the upfront amount payable in for long term lease of plots, under Notification (12/2017) No. FD 48 CSL 2017, dated 29.06.2017X X X X Extracts X X X X X X X X Extracts X X X X ..... Vanijya Therige Karyalaya, Gandhinagar, Bengaluru-560009, Dated: 02-05-2019. COMMISSIONER OF COMMERCIAL TAXES CIRCULAR No. GST-05/2019-20 Subject: GST exemption on the upfront amount payable in for long term lease of plots, under Notification (12/2017) No. FD 48 CSL 2017, dated 29.06.2017.-reg. Representations have been received seeking cl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 infrastructure for financial business, provided by the State Government Industrial Development Corpo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mount is determined upfront. 4. This circular is clarificatory in nature and cannot be made use of for interpretation of provisions of law. If any member of trade has any doubt, he may refer the matter to this office for further clarification. All the members of trade and industry are requested to follow the procedure laid down in this regard as per law and as per the contents of this ..... X X X X Extracts X X X X X X X X Extracts X X X X
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