Leasehold rights assignment transfers benefits of immovable property, keeping industrial plot transfers outside the GST supply net.

Leasehold rights assignment transfers benefits of immovable property, keeping industrial plot transfers outside the GST supply net. https://www.taxtmi.com/highlights?id=104747 Assignment of leasehold rights in an industrial plot to a third party is treated as a transfer of benefits arising from immovable property rather than a GST-taxable supply. A binding High Court ruling on that characterisation remains operative absent a stay or recall, notwithstanding an intended review. GST is therefore not leviable on such assignment, and the appellate order rejecting the departmental challenge stands sustained. en-us Fri, 09 Oct 2026 11:20:56 +0530 Fri, 09 Oct 2026 11:20:55 +0530 TaxTMI RSS Generator Leasehold rights assignment transfers benefits of immovable property, keeping industrial plot transfers outside the GST supply net. https://www.taxtmi.com/highlights?id=104747 Assignment of leasehold rights in an industrial plot to a third party is treated as a transfer of benefits arising from immovable property rather than a GST-taxable supply. A binding High Court ruling on that characterisation remains operative absent a stay or recall, notwithstanding an intended review. GST is therefore not leviable on such assignment, and the appellate order rejecting the departmental challenge stands sustained. Highlights GST Fri, 09 Oct 2026 11:20:56 +0530 https://www.taxtmi.com/highlights?id=104747