https://www.taxtmi.com/caselaws?id=799073 Assignment or acquisition of leasehold rights in an industrial plot transfers benefits arising from immovable property and falls outside the GST scope of taxable supply. GST charged on that transfer lacks legal basis; consequently, tax, interest and reversed credit recovered on the assumption of taxability require restoration. The blocked-credit rule for construction of immovable property does not apply where only leasehold rights are acquired and no construction occurs. Fraud-based recovery proceedings are also unsustainable where the credit was disclosed in returns and accounts, reversed before notice, and no fraud, wilful misstatement or suppression with intent to evade tax is established. en-us Thu, 03 Sep 2026 00:00:00 +0530 Wed, 16 Sep 2026 08:38:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799073 Assignment or acquisition of leasehold rights in an industrial plot transfers benefits arising from immovable property and falls outside the GST scope of taxable supply. GST charged on that transfer lacks legal basis; consequently, tax, interest and reversed credit recovered on the assumption of taxability require restoration. The blocked-credit rule for construction of immovable property does not apply where only leasehold rights are acquired and no construction occurs. Fraud-based recovery proceedings are also unsustainable where the credit was disclosed in returns and accounts, reversed before notice, and no fraud, wilful misstatement or suppression with intent to evade tax is established. Case-Laws GST Thu, 03 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799073