GST exemption on the upfront amount payable in installments for long term lease of plots | GST Circular No 101/2019

Circular No 101/2019

GST is exempted on the upfront amount payable for long term lease (of thirty years, or more) of industrial plots or plots for development of infrastructure for financial business under Entry No. 41 of Exemption Notification 12/2017 irrespective of whether such upfront amount is payable or paid in one or more instalments, provided the amount is determined upfront

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