https://www.taxtmi.com/caselaws?id=770569 GST liability on the assignment of leasehold rights in land and buildings for a lump sum consideration was treated as an open issue, with the Bombay HC noting a Gujarat HC view that such a transfer is an assignment of benefits arising from immovable property and does not fall within the scope of supply under Section 7(1)(a) read with Schedule II and Schedule III, nor attract levy under Section 9. In light of that view and no contrary authority being shown, the Court granted interim protection and stayed the effect and implementation of the adjudication order. en-us Mon, 05 May 2025 00:00:00 +0530 Sat, 07 Jun 2025 13:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770569 GST liability on the assignment of leasehold rights in land and buildings for a lump sum consideration was treated as an open issue, with the Bombay HC noting a Gujarat HC view that such a transfer is an assignment of benefits arising from immovable property and does not fall within the scope of supply under Section 7(1)(a) read with Schedule II and Schedule III, nor attract levy under Section 9. In light of that view and no contrary authority being shown, the Court granted interim protection and stayed the effect and implementation of the adjudication order. Case-Laws GST Mon, 05 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770569