https://www.taxtmi.com/caselaws?id=411153 The ruling concluded that GST is payable on the consideration of Rs. 15 Crores received by the applicant for transferring leasehold rights to M/s. INOX Air Products Private Limited. The transfer of SIPCOT's allotted land to INOX also falls within the definition of 'Supply' under the Goods and Services Tax Act, 2017. The ruling determined that the transaction constitutes a taxable activity, making the applicant liable to pay GST on the consideration received. en-us Fri, 30 Jul 2021 00:00:00 +0530 Wed, 26 Mar 2025 14:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411153 The ruling concluded that GST is payable on the consideration of Rs. 15 Crores received by the applicant for transferring leasehold rights to M/s. INOX Air Products Private Limited. The transfer of SIPCOT's allotted land to INOX also falls within the definition of 'Supply' under the Goods and Services Tax Act, 2017. The ruling determined that the transaction constitutes a taxable activity, making the applicant liable to pay GST on the consideration received. Case-Laws GST Fri, 30 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411153