https://www.taxtmi.com/article/detailed?id=17230 Assignment of an entire long-term leasehold interest in an industrial plot is a transfer of an immovable-property interest, not renting or another taxable service. Leasehold rights are benefits arising out of land, and an assignee who takes the whole interest steps into the original lessee's position. Schedule II only classifies an activity after it qualifies as supply and cannot create taxability. The original lease grant, permission charges for assignment, and consideration paid for the assignment are distinct transactions requiring separate GST analysis. en-us Thu, 20 Aug 2026 08:15:42 +0530 Thu, 20 Aug 2026 08:15:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17230 Assignment of an entire long-term leasehold interest in an industrial plot is a transfer of an immovable-property interest, not renting or another taxable service. Leasehold rights are benefits arising out of land, and an assignee who takes the whole interest steps into the original lessee's position. Schedule II only classifies an activity after it qualifies as supply and cannot create taxability. The original lease grant, permission charges for assignment, and consideration paid for the assignment are distinct transactions requiring separate GST analysis. Articles Goods and Services Tax - GST Thu, 20 Aug 2026 08:15:42 +0530 https://www.taxtmi.com/article/detailed?id=17230