https://www.taxtmi.com/caselaws?id=764454 An outright assignment of the whole leasehold interest in GIDC-allotted land, together with the building and incidental rights, is treated as a transfer of immovable property rather than a supply of services under the GST framework. The initial long-term lease granted by GIDC is a service, but the later assignment by the lessee is materially different because the assignor parts with the entire leasehold bundle and retains no continuing lease or sub-lease interest. Reading the GST Act with the Transfer of Property Act, the Registration Act and the General Clauses Act, the article explains that Schedule II cannot expand taxation where the transaction falls within Schedule III's exclusion for sale of land and building. en-us Fri, 03 Jan 2025 00:00:00 +0530 Thu, 09 Jan 2025 11:41:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764454 An outright assignment of the whole leasehold interest in GIDC-allotted land, together with the building and incidental rights, is treated as a transfer of immovable property rather than a supply of services under the GST framework. The initial long-term lease granted by GIDC is a service, but the later assignment by the lessee is materially different because the assignor parts with the entire leasehold bundle and retains no continuing lease or sub-lease interest. Reading the GST Act with the Transfer of Property Act, the Registration Act and the General Clauses Act, the article explains that Schedule II cannot expand taxation where the transaction falls within Schedule III's exclusion for sale of land and building. Case-Laws GST Fri, 03 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764454