GST Exemption on 90-Year Lease Premiums: Conditional and Not Considered Sale of Land

In re New Okhla Industrial Development Authority (NOIDA) (GST AAR Uttar Pradesh)

The Goods and Services Tax (GST) regime in India is intricate, with its applicability on various transactions often subject to specific conditions and interpretations. A recent ruling by the Authority for Advance Ruling (AAR) in Uttar Pradesh concerning the New Okhla Industrial Development Authority (NOIDA) sheds light on the GST implications for 90-year lease premiums. This article delves into the nuances of the ruling, offering a comprehensive

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