https://www.taxtmi.com/article/detailed?id=16526 Assignment of long-term leasehold rights in industrial plots is examined as a question of legal character rather than mere GST classification. The article explains that the GST framework broadly taxes supplies of services, but the controversy turns on whether an absolute transfer of leasehold interest is a service or a transfer of immovable property rights. It traces the issue through the Gujarat High Court, the Bombay High Court and the Supreme Court's refusal to interfere, and notes that the core analysis concerned the distinction between creation of lease rights and their subsequent absolute assignment. The article further notes that the jurisprudence preserves the boundary between GST and the traditional field of immovable property. en-us Fri, 29 May 2026 09:00:29 +0530 Fri, 29 May 2026 09:00:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16526 Assignment of long-term leasehold rights in industrial plots is examined as a question of legal character rather than mere GST classification. The article explains that the GST framework broadly taxes supplies of services, but the controversy turns on whether an absolute transfer of leasehold interest is a service or a transfer of immovable property rights. It traces the issue through the Gujarat High Court, the Bombay High Court and the Supreme Court's refusal to interfere, and notes that the core analysis concerned the distinction between creation of lease rights and their subsequent absolute assignment. The article further notes that the jurisprudence preserves the boundary between GST and the traditional field of immovable property. Articles Goods and Services Tax - GST Fri, 29 May 2026 09:00:29 +0530 https://www.taxtmi.com/article/detailed?id=16526