AAR: Lease-rent charged by Municipality for fish farming exempt from GST

Kerala AAR holds that lease rent charged by the Municipality (Chellanam Grama Panchayat ) w.r.t. land used for fish farming is eligible for exemption under GST; Perusing agreement entered into b/w applicant and Municipality, notes nature of transaction as “renting/lease of water channel for fish farming”, in other words activity of renting/leasing the water channel by the Municipality to the applicant (successful bidder of the auction of wet land for FY 2019-20) for fish ...