AAR : One-time concession fee for long-term lease granted by Goa Govt. undertaking, taxable under GST

Goa AAR holds that one-time upfront concession fee charged by the applicant, an undertaking of Government of Goa, for lease of 60 years for development of infrastructure for financial business on Private Investment mode on Design, Build, Finance, Operate and Transfer (DBFOT) basis, granted to Myrayash Hotels Pvt. Ltd, liable to GST; Rejecting applicant’s plea that same is exempted from GST under Sr. No. 41 of Notification No. 12/ 2017- Central Tax (Rate) as a...