https://www.taxtmi.com/caselaws?id=782772 Absolute assignment of long-term leasehold rights in industrial land allotted by GIDC was treated as a transfer of immovable property rather than a mere right to use property. Applying the GST framework, the Court distinguished allotment-stage 99-year leasing, which may amount to a supply of service, from a later assignment by the lessee-assignor that divests all rights in favour of an assignee. On that basis, the transaction fell outside section 7(1)(a) read with Schedule II and Schedule III, and was excluded from levy under section 9. The GST demand based on the show-cause notice therefore could not survive. en-us Fri, 21 Nov 2025 00:00:00 +0530 Wed, 03 Dec 2025 08:57:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782772 Absolute assignment of long-term leasehold rights in industrial land allotted by GIDC was treated as a transfer of immovable property rather than a mere right to use property. Applying the GST framework, the Court distinguished allotment-stage 99-year leasing, which may amount to a supply of service, from a later assignment by the lessee-assignor that divests all rights in favour of an assignee. On that basis, the transaction fell outside section 7(1)(a) read with Schedule II and Schedule III, and was excluded from levy under section 9. The GST demand based on the show-cause notice therefore could not survive. Case-Laws GST Fri, 21 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782772