Money laundering property attachment and third-party encumbrance rights clarified; prior bona fide interests enforceable before confiscation, appeals ...
Profiteering in construction services for failure to pass input tax credit resulted in repayment exceeding the commensurate benefit and closure of pro...
HC examined the validity of a SCN issued u/s 74 of the State GST Act concerning taxability of assignment of leasehold rights in industrial plots. Relying on its prior rulings, HC held that assignment/sale/transfer of leasehold rights in GIDC-allotted land constitutes transfer of benefits arising from immovable property, which falls outside the ambit of "supply" under s.7(1)(a), read with Sch. II cl.5(b) and Sch. III cl.5. Consequently, such transaction is not exigible to GST u/s 9. The impugned SCN was quashed and the writ petition allowed.
HC examined the validity of a SCN issued u/s 74 of the State GST Act concerning taxability of assignment of leasehold rights in industrial plots. Relying on its prior rulings, HC held that assignment/sale/transfer of leasehold rights in GIDC-allotted land constitutes transfer of benefits arising from immovable property, which falls outside the ambit of "supply" under s.7(1)(a), read with Sch. II cl.5(b) and Sch. III cl.5. Consequently, such transaction is not exigible to GST u/s 9. The impugned SCN was quashed and the writ petition allowed.
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