https://www.taxtmi.com/caselaws?id=774554 Gujarat HC held that assignment of leasehold rights by lessee to third party for consideration constitutes transfer of benefits arising from immovable property, not taxable supply under GST. Court ruled that provisions under Section 7(1)(a) read with Schedule 2 Clause 5(b) and Schedule 3 Clause 5 do not apply to such transactions, making them exempt from GST levy under Section 9. Consequently, demand order under Section 73, recovery notice, and show-cause notice were quashed and petition was allowed. en-us Fri, 04 Jul 2025 00:00:00 +0530 Thu, 07 May 2026 16:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774554 Gujarat HC held that assignment of leasehold rights by lessee to third party for consideration constitutes transfer of benefits arising from immovable property, not taxable supply under GST. Court ruled that provisions under Section 7(1)(a) read with Schedule 2 Clause 5(b) and Schedule 3 Clause 5 do not apply to such transactions, making them exempt from GST levy under Section 9. Consequently, demand order under Section 73, recovery notice, and show-cause notice were quashed and petition was allowed. Case-Laws GST Fri, 04 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774554