Anmol Industries Limited ., In re
Date: November 25, 2024
Subject Matter
GST applicable on upfront premium paid towards granting of long term lease of thirty years, or more of industrial plots or plots for development of infrastructure for financial business by SMPK. AAR ruling upheld.
Summary
The case involves an appeal regarding eligibility for GST exemption on the upfront amount paid for a long-term lease of land (over 30 years) for setting up a commercial office complex under entry 41 of Notification No. 12/2017 Central Tax (Rate). - T…
FULL TEXT OF THE ORDER OF AUTHORITY FOR ADVANCE RULING, WEST BENGAL At the outset we would like to make it clear that the provisions of the Central Goods and Services Tax Act, 2017 and West Bengal Goods and Services Tax Act, 2017 (hereinafter referred to as the ‘CGST Act, 2017’ and the ‘SGST Act, 2017’) are in pari materia and have the same provisions in like matter and differ from each othe…