https://www.taxtmi.com/caselaws?id=449495 The AAR, UP held that transfer of leasehold rights in land allotted by Noida Authority constitutes supply of services under GST Act. The applicant transferred 99-year lease rights to another company for Rs. 6,60,00,000. The ruling determined this activity falls under Schedule II, Paragraph 2 of CGST Act 2017, classifying it as service rather than sale of immovable property. The transfer involves compensation for agreeing to transfer leasehold rights, not creating fresh land benefits or sub-leasing. GST is payable at 18% under "Other miscellaneous service" classification, as the applicant holds no ownership title but only conditional possession rights. en-us Tue, 05 Dec 2023 00:00:00 +0530 Sat, 26 Apr 2025 13:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449495 The AAR, UP held that transfer of leasehold rights in land allotted by Noida Authority constitutes supply of services under GST Act. The applicant transferred 99-year lease rights to another company for Rs. 6,60,00,000. The ruling determined this activity falls under Schedule II, Paragraph 2 of CGST Act 2017, classifying it as service rather than sale of immovable property. The transfer involves compensation for agreeing to transfer leasehold rights, not creating fresh land benefits or sub-leasing. GST is payable at 18% under "Other miscellaneous service" classification, as the applicant holds no ownership title but only conditional possession rights. Case-Laws GST Tue, 05 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449495