https://www.taxtmi.com/article/detailed?id=16358 Assignment of leasehold rights in immovable property is discussed in relation to the GST meaning of supply and the treatment of land-related transactions under Schedule II. The article notes that long-term leases of industrial plots by State Industrial Development Corporations may attract a nil rate on the one-time upfront amount under the exemption notification, while the transfer of leasehold rights to a third party has been treated as an assignment of rights in immovable property rather than a taxable service in the cited authorities. en-us Wed, 06 May 2026 08:33:26 +0530 Wed, 06 May 2026 08:33:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16358 Assignment of leasehold rights in immovable property is discussed in relation to the GST meaning of supply and the treatment of land-related transactions under Schedule II. The article notes that long-term leases of industrial plots by State Industrial Development Corporations may attract a nil rate on the one-time upfront amount under the exemption notification, while the transfer of leasehold rights to a third party has been treated as an assignment of rights in immovable property rather than a taxable service in the cited authorities. Articles Goods and Services Tax - GST Wed, 06 May 2026 08:33:26 +0530 https://www.taxtmi.com/article/detailed?id=16358