https://www.taxtmi.com/caselaws?id=449496 AAR UP ruled that transfer of leasehold rights in industrial plot constitutes supply of services under GST Act. The appellant's assignment of lease rights to another party was held taxable as service under "Other miscellaneous service" at 18% GST rate. The transaction fell under Schedule II para 2 of CGST Act covering land and building services. Exemption under Notification 12/2017 entry 41 was denied as it applies only to State Government Industrial Development Corporations, not private transfers. The upfront premium amount paid for lease transfer rights was deemed taxable service, not exempt land transfer. en-us Thu, 07 Dec 2023 00:00:00 +0530 Sat, 26 Apr 2025 13:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449496 AAR UP ruled that transfer of leasehold rights in industrial plot constitutes supply of services under GST Act. The appellant's assignment of lease rights to another party was held taxable as service under "Other miscellaneous service" at 18% GST rate. The transaction fell under Schedule II para 2 of CGST Act covering land and building services. Exemption under Notification 12/2017 entry 41 was denied as it applies only to State Government Industrial Development Corporations, not private transfers. The upfront premium amount paid for lease transfer rights was deemed taxable service, not exempt land transfer. Case-Laws GST Thu, 07 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449496