https://www.taxtmi.com/article/detailed?id=17072 Assignment of an existing leasehold interest in MIDC land is distinguished from the original grant of a lease. Although Schedule II treats a lessor's grant of rights to occupy land as a supply of services, the article characterises a lessee's assignment as transfer of existing rights and benefits arising from immovable property. It explains that the statutory treatment of a lease grant does not expressly extend to every subsequent assignment, making the legal character of the transaction central to GST classification. en-us Fri, 31 Jul 2026 18:54:37 +0530 Fri, 31 Jul 2026 18:54:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17072 Assignment of an existing leasehold interest in MIDC land is distinguished from the original grant of a lease. Although Schedule II treats a lessor's grant of rights to occupy land as a supply of services, the article characterises a lessee's assignment as transfer of existing rights and benefits arising from immovable property. It explains that the statutory treatment of a lease grant does not expressly extend to every subsequent assignment, making the legal character of the transaction central to GST classification. Articles Goods and Services Tax - GST Fri, 31 Jul 2026 18:54:37 +0530 https://www.taxtmi.com/article/detailed?id=17072