GoM Meeting in Goa Decides No Further GST Exemptions for Long-Term Land Leases

A Group of Ministers (GoM) meeting in Goa concluded with the decision that there would be no further GST exemptions for long-term land leases. This decision impacts businesses that rely on long-term leases for land development. The GoM's stance maintains the current GST structure for such leases, underscoring the government’s focus on sustaining tax revenue while managing the economic balance in sectors reliant on land development.