https://www.taxtmi.com/highlights?id=87767 HC held that assignment of leasehold rights of an industrial plot by a lessee to a third party for a lump-sum consideration does not constitute a supply under GST regulations. The court determined that such a transaction involving transfer of immovable property benefits falls outside the scope of Section 7(1)(a) of CGST Act and is not subject to CGST levy under Section 9. The court consequently invalidated the Show Cause Notice issued to the petitioner, effectively ruling in favor of the petitioner and exempting the transaction from GST implications. en-us Fri, 25 Apr 2025 08:53:57 +0530 Fri, 25 Apr 2025 08:53:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=87767 HC held that assignment of leasehold rights of an industrial plot by a lessee to a third party for a lump-sum consideration does not constitute a supply under GST regulations. The court determined that such a transaction involving transfer of immovable property benefits falls outside the scope of Section 7(1)(a) of CGST Act and is not subject to CGST levy under Section 9. The court consequently invalidated the Show Cause Notice issued to the petitioner, effectively ruling in favor of the petitioner and exempting the transaction from GST implications. Highlights GST Fri, 25 Apr 2025 08:53:57 +0530 https://www.taxtmi.com/highlights?id=87767