https://www.taxtmi.com/caselaws?id=795548 Assignment of leasehold rights was treated in the noted High Court decision as a transfer of benefits arising from land rather than a taxable supply of services under the GST Act. Applying strict construction of taxing provisions, the High Court considered that Schedule II covers renting or leasing as services, while Schedule III excludes sale of land and buildings, and concluded that GST was not leviable on assignment by a lessee to a third-party assignee. The Supreme Court dismissed the related special leave petitions, referring to dismissal of a similar petition. en-us Tue, 21 Jul 2026 00:00:00 +0530 Thu, 23 Jul 2026 08:42:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795548 Assignment of leasehold rights was treated in the noted High Court decision as a transfer of benefits arising from land rather than a taxable supply of services under the GST Act. Applying strict construction of taxing provisions, the High Court considered that Schedule II covers renting or leasing as services, while Schedule III excludes sale of land and buildings, and concluded that GST was not leviable on assignment by a lessee to a third-party assignee. The Supreme Court dismissed the related special leave petitions, referring to dismissal of a similar petition. Case-Laws GST Tue, 21 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795548