M/s HazariBagh Builders Pvt. Ltd., Vaisali Nagar Ajmer

Appeal by the party is rejected. It was held that one amount paid as 1st installment of lease premium before Lease agreement cannot be treated security deposit and not exempted from GST. 2 RFP issued for development of land for residential purpose and consequently leased, not exempted under entry no. 41 of Notification No. 12/2017 (CT) dated 29.03.2019. 3 Amount paid during the month of Feb 2019 after issuance of letter of acceptance dated 26.09.2018 for deposition of 1st Installment of Lease premium, lease agreement is not exempted under entry N. 41B which was inserted vide notification No. 04/2019 (CT) dated 29.03.2019 as time of supply of service is before effective dated of amended notification No. 04/2019 (CT) dated 29.03.2019.