AAR: Lease of plot for 99 years not sale of land, lease premium payment to State Devp. Authority chargeable to GST

Gujarat AAR holds that that lease of plot for 99 years by the Applicant is not sale of land but is a lease of plot/land and that this activity and payment of one time lease premium and annual premium by Applicant for lease of commercial plot is a ‘supply’ u/s 7(1) of the CGST Act and are taxable in terms of Notification no.11/2017-CT dated June 28, 2017; Notes that Ahmedabad Urban Development Authority (AUDA) carried out e-auction for leasing certain plots for 99 years &n...