Exemption form GST - upfront premium payable towards the ...

GST Exemption Denied for Industrial Land Lease Due to Insufficient Government Ownership in Lease Agreement.

January 27, 2024

Case Laws GST AAR

Exemption form GST - upfront premium payable towards the services of leasing of the land for industrial purposes - Notification No. 12/2017 Central Tax (Rate) - The applicant argued that the lease met all conditions for exemption under a specific notification. However, WBAAR concluded that SMPK did not qualify as an entity with 20% or more government ownership, a key condition for the exemption. Therefore, the lease service was not considered exempt under the mentioned notification. - AAR

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Exemption form GST - upfront premium payable towards the ...

GST Exemption Denied for Industrial Land Lease Due to Insufficient Government Ownership in Lease Agreement.

January 27, 2024

Case Laws GST AAR

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