GST exemption on the upfront amount payable in installments for long term lease of plots, under Notification No. 47/ST-2, dated 30.06.2017

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..... emo No. 1102/GST-2 Panchkula, date the 16.05.2019 Subject: GST exemption on the upfront amount payable in installments for long term lease of plots, under Notification No. 47/ST-2, dated 30.06.2017 -reg. The Circular seeks to clarify the issue regarding admissibility of GST exemption on the upfront amount which is determined upfront but is paid or payable in instalments for long term lease (th .....

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..... y 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 as premium, salami, cost, price, development charges or by any other name) payable for long term lease (of thirty y .....

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