Assignment of leasehold rights is a transfer of immovable property benefits and not a taxable supply of services under GST.

Assignment of leasehold rights is a transfer of immovable property benefits and not a taxable supply of services under GST.Case-LawsGSTAssignment of long term leasehold rights constitutes transfer of benefits arising out of immovable property where the le

Assignment of leasehold rights is a transfer of immovable property benefits and not a taxable supply of services under GST.
Case-Laws
GST
Assignment of long term leasehold rights constitutes transfer of benefits arising out of immovable property where the lease is for a 95 year term and the lease permits transfer; such a transaction lacks the essential element of a supply of services in the course or furtherance of business and therefore falls outside the GST levy. The reasoning adopts prior precedent treating assignment/sale of leasehold rights by an allottee to a third party assignee as transfer of immovable property benefits, and on that basis the writ petition challenging taxability was allowed.
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