https://www.taxtmi.com/caselaws?id=770267 Gujarat HC held that assignment of long-term leasehold rights in industrial plot by petitioner to subsidiary constitutes complete transfer of leasehold rights for consideration. Following Gujarat Chamber of Commerce precedent, court ruled such assignment represents transfer of benefits from immovable property where assignee replaces original lessee. Provisions of GST Act sections 7(1)(a) and Schedule II/III do not apply to leasehold rights assignment. Transfer fee received for GIDC plot leasehold rights not subject to GST levy under section 9. Petition allowed. en-us Wed, 26 Mar 2025 00:00:00 +0530 Mon, 09 Jun 2025 12:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770267 Gujarat HC held that assignment of long-term leasehold rights in industrial plot by petitioner to subsidiary constitutes complete transfer of leasehold rights for consideration. Following Gujarat Chamber of Commerce precedent, court ruled such assignment represents transfer of benefits from immovable property where assignee replaces original lessee. Provisions of GST Act sections 7(1)(a) and Schedule II/III do not apply to leasehold rights assignment. Transfer fee received for GIDC plot leasehold rights not subject to GST levy under section 9. Petition allowed. Case-Laws GST Wed, 26 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770267