Key GST Rulings: Leasehold Rights & Notice Service Procedures

Posted On - 31 January, 2025 • White & Brief

1. GST Not Applicable to Assignment of Leasehold Rights
The Hon’ble Gujarat High Court has ruled that the assignment of leasehold rights constitutes a transfer of immovable property, thereby exempting it from GST. This judgment provides clarity and relief to the real estate and industrial sectors, addressing a long-standing taxability concern.

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