https://www.taxtmi.com/caselaws?id=768582 GST treatment of an assignment of leasehold rights in land and the buildings on it was examined in relation to a lump sum transfer by a leaseholder to a third party. A prior Division Bench view of another High Court had treated such an assignment as a transfer of benefits arising from immovable property, outside the scope of supply under Section 7(1)(a) of the CGST Act, read with Schedules II and III, and not liable under Section 9. As no contrary view was placed and connected matters on the same issue were pending, the Bombay High Court stayed the effect and implementation of the impugned adjudication order pending further hearing. en-us Thu, 03 Apr 2025 00:00:00 +0530 Wed, 09 Apr 2025 07:42:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768582 GST treatment of an assignment of leasehold rights in land and the buildings on it was examined in relation to a lump sum transfer by a leaseholder to a third party. A prior Division Bench view of another High Court had treated such an assignment as a transfer of benefits arising from immovable property, outside the scope of supply under Section 7(1)(a) of the CGST Act, read with Schedules II and III, and not liable under Section 9. As no contrary view was placed and connected matters on the same issue were pending, the Bombay High Court stayed the effect and implementation of the impugned adjudication order pending further hearing. Case-Laws GST Thu, 03 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768582