GST on One-Time Concession Fee for 60-Year Lease of Anjuna Property

In re Goa Tourism Development Corporation Limited (GST AAAR Goa) The case of Goa Tourism Development Corporation Limited (GTDC) vs. the GST Authority for Advance Ruling (AAR) and the Appellate Authority for Advance Rulings (AAAR) centers around the applicability of Goods and Services Tax (GST) on one-time concession fees. The GTDC leased its Anjuna property to M/s Myrayash Hotels Pvt. Ltd. for 60 years, charging a significant one-time upfront fee. The question raised was whether this fee is subject to GST, given certain exemption notifications. Background and Initial Application GTDC entered i...