New Okhla Industrial Development Authority (NOIDA) ., In re
Date: October 11, 2023
Subject Matter
No GST if the long-term lease is industrial plot or for development of infrastructure for financial business
Summary
The case law involves an application by NOIDA seeking a ruling on the exemption from GST for the upfront amount charged as lease premium for granting long-term lease of ninety years for the development of industrial infrastructure in NOIDA. The Autho…
FULL TEXT OF THE ORDER OF AUTHORITY FOR ADVANCE RULING, UTTAR PRADESH M/s New Okhla Industrial Development Authority (NOIDA), Administrative Complex, Sector -6, Noida, G B Nagar, Uttar Pradesh -201301. (hereinafter referred as “the applicant”) having GSTIN09AAALN0120A1ZV have filed an application for Advance Ruling under Section 97 of the CGST Act, 2017 read with Rule 104 of the CGST R…