Assignment of MIDC Land Leasehold Rights to Third Party for Lump Sum Payment Not Subject to GST
Case-Laws
GST
The HC ruled that assignment of leasehold rights in MIDC land along with buildings to a third party for lump sum consideration is not subject to GST. Following Gujarat HC's precedent in Gujarat Chambers of Commerce case, the court determined that such transactions constitute transfer of benefits arising from “immovable property,” with the assignee becoming the new lessee in plac
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