Leasehold Rights Transfer Deemed Immovable Property, Exempt from GST as per Section 9(1) of the GST Act.

Case-Laws – GST – Highlights – The HC held that the assignment/sale/transfer of leasehold rights by the lessee to a third party for a lump-sum consideration is a transfer of “immovable property” and not a supply of service under the GST Act. The leasehol

Leasehold Rights Transfer Deemed Immovable Property, Exempt from GST as per Section 9(1) of the GST Act.
Case-Laws
GST
The HC held that the assignment/sale/transfer of leasehold rights by the lessee to a third party for a lump-sum consideration is a transfer of “immovable property” and not a supply of service under the GST Act. The leasehold rights encompass incorporeal ownership rights over the land and building, constituting “immovable property”. Consequently, such transactions are no

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