https://www.taxtmi.com/article/detailed?id=16434 Assignment of long-term leasehold rights in immovable property is treated as a transfer of benefits arising out of immovable property rather than a lease, sub-lease, or other supply of services under the GST framework. The transaction is described as one in which the assignor's rights stand extinguished on transfer, and the essential element of supply in the course or furtherance of business is absent. Such assignment falls outside Section 7 read with Schedule II and Schedule III of the GST law. en-us Sat, 16 May 2026 09:11:02 +0530 Sat, 16 May 2026 09:11:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16434 Assignment of long-term leasehold rights in immovable property is treated as a transfer of benefits arising out of immovable property rather than a lease, sub-lease, or other supply of services under the GST framework. The transaction is described as one in which the assignor's rights stand extinguished on transfer, and the essential element of supply in the course or furtherance of business is absent. Such assignment falls outside Section 7 read with Schedule II and Schedule III of the GST law. Articles Goods and Services Tax - GST Sat, 16 May 2026 09:11:02 +0530 https://www.taxtmi.com/article/detailed?id=16434