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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..... 18/C 288 Dated: 02 nd May, 2019 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 ins .....

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..... 2 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 Corporations or Undertakings or by any other e .....

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..... rought to notice of the undersigned. (Dipak M. Bandekar) Commissioner of State Tax, Goa Note : Similar circular is issued under Central Goods and Services Tax Act, 2017 by the Tax Research Unit, Department of Revenue, Ministry of Finance, GOI, New Delhi vide Circular No. 101/20/2019-GST dated 30/04/2019. - Circular - Trade Notice - Public Notice - Instructions - Office orders T .....

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