https://www.taxtmi.com/article/detailed?id=14807 Levy of GST on transactions involving immovable property hinges on whether rights such as development and leasehold rights are taxable as supplies of service. Schedule III excludes only land and building, not the wider bundle of immovable rights, while several High Court decisions have held transfers of leasehold and development rights to be transfers of immovable property and therefore not exigible to GST. Key unresolved questions include the scope of Article 246A, whether immovable property falls within the constitutional definition of service, and whether transfers can be kept outside GST. en-us Tue, 15 Jul 2025 08:39:47 +0530 Tue, 15 Jul 2025 08:39:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=14807 Levy of GST on transactions involving immovable property hinges on whether rights such as development and leasehold rights are taxable as supplies of service. Schedule III excludes only land and building, not the wider bundle of immovable rights, while several High Court decisions have held transfers of leasehold and development rights to be transfers of immovable property and therefore not exigible to GST. Key unresolved questions include the scope of Article 246A, whether immovable property falls within the constitutional definition of service, and whether transfers can be kept outside GST. Articles Goods and Services Tax - GST Tue, 15 Jul 2025 08:39:47 +0530 https://www.taxtmi.com/article/detailed?id=14807