- Gujarat High Court ruled that transfer or assignment of leasehold rights in industrial plots is not a taxable supply under GST.
- The court held that such transfers are excluded as a transfer of land under Entry 5, Schedule III of the CGST Act.
- The GST demand on such transactions was quashed.
Source: taxscan.in
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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