https://www.taxtmi.com/caselaws?id=796441 Assignment by sale and transfer of long-term leasehold rights in land and building transfers the benefits arising from immovable property from the existing lessee to the assignee, who replaces the original lessee. Such assignment falls outside taxable supply under the GST framework, including Section 7(1)(a), Schedule II and Schedule III, and does not attract GST under Section 9. The stated position follows an earlier binding decision whose challenge before the Supreme Court was dismissed. Consequently, GST proceedings initiated under Section 73 were quashed. en-us Thu, 30 Jul 2026 00:00:00 +0530 Wed, 05 Aug 2026 08:48:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796441 Assignment by sale and transfer of long-term leasehold rights in land and building transfers the benefits arising from immovable property from the existing lessee to the assignee, who replaces the original lessee. Such assignment falls outside taxable supply under the GST framework, including Section 7(1)(a), Schedule II and Schedule III, and does not attract GST under Section 9. The stated position follows an earlier binding decision whose challenge before the Supreme Court was dismissed. Consequently, GST proceedings initiated under Section 73 were quashed. Case-Laws GST Thu, 30 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796441