GST rate on long term lease of industrial or financial infrastructure plots
The GST tariff rate on long term lease of industrial or financial infrastructure plots has been changed as per GST council meet held on 18th December, 2019. The details of changed GST rate on long term lease of industrial or financial infrastructure plots is as follows:
Latest GST rate on long term lease of industrial or financial infrastructure plots
To exempt upfront amount payable for long term lease of industrial or financial infrastructure plots by an entity having 20% or more ownership of Central or State Government. Presently, the exemption is available to an entity having 50% or more ownership of Central or State Government. This change shall become effective from 1st January, 2020.
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