GST Proceedings Stayed for MIDC Land Leasehold Rights Transfers Under Schedule III Clause 5
Case-Laws
GST
HC stayed GST proceedings related to assignment of leasehold rights of MIDC land plots and buildings constructed thereon for lump sum consideration. Following Gujarat HC's precedent in Gujarat Chambers of Commerce case, which held that assignment/transfer of leasehold rights of industrial development corporation land constitutes transfer of benefits arising from “immovable property”
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