https://www.taxtmi.com/caselaws?id=765243 Assignment and transfer of long-term leasehold rights to a third-party assignee were treated as transfer of benefits arising from immovable property, so the transaction fell outside the scope of supply under section 7(1)(a) read with Schedule II and Schedule III of the CGST Act and was not exigible to GST under section 9. Because GST was not leviable on the underlying transaction, any issue of utilisation or reversal of input tax credit did not arise. The Gujarat HC quashed the show cause notice, and the challenge succeeded in favour of the petitioner. en-us Wed, 22 Jan 2025 00:00:00 +0530 Thu, 16 Oct 2025 13:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765243 Assignment and transfer of long-term leasehold rights to a third-party assignee were treated as transfer of benefits arising from immovable property, so the transaction fell outside the scope of supply under section 7(1)(a) read with Schedule II and Schedule III of the CGST Act and was not exigible to GST under section 9. Because GST was not leviable on the underlying transaction, any issue of utilisation or reversal of input tax credit did not arise. The Gujarat HC quashed the show cause notice, and the challenge succeeded in favour of the petitioner. Case-Laws GST Wed, 22 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765243