- GST is not applicable on the assignment of leasehold rights of a plot.
- High Courts have ruled that such assignments are equivalent to the sale of immovable property, which is not subject to GST.
- Taxpayers who have paid GST on these transactions may seek a refund.
Source: taxand.com
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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