- 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.
Latest Posts in "India"
- Delhi Police Busts Two Major GST Fraud Rackets, Eight Arrested for Fake Invoicing and Money Laundering
- GST 2.0 Reshapes India’s Premium Bike Market, Spurs Engine Downsizing and Strategic Shifts
- Maharashtra Cuts Aviation Fuel VAT, Easing Airline Costs Amid Iran War Disruptions
- Supreme Court Bars Uttar Pradesh from Levying VAT on Interstate Natural Gas Sales
- Are Liquidated Damages Under GST a Taxable Service or Mere Compensation for Breach?
