https://www.taxtmi.com/article/detailed?id=17575 GST treatment of an assignment of existing leasehold rights in an industrial plot depends on the legal character of the rights transferred, rather than the label assigned to the payment. Where the incoming party replaces the outgoing lessee for the balance term, the transaction is an assignment of an existing interest in immovable property, not ordinary renting. Under the Gujarat High Court approach applied to covered GIDC assignments, the purchaser obtains benefits arising from immovable property rather than a taxable service merely because consideration is paid. en-us Wed, 14 Oct 2026 06:31:45 +0530 Wed, 14 Oct 2026 06:31:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17575 GST treatment of an assignment of existing leasehold rights in an industrial plot depends on the legal character of the rights transferred, rather than the label assigned to the payment. Where the incoming party replaces the outgoing lessee for the balance term, the transaction is an assignment of an existing interest in immovable property, not ordinary renting. Under the Gujarat High Court approach applied to covered GIDC assignments, the purchaser obtains benefits arising from immovable property rather than a taxable service merely because consideration is paid. Articles Goods and Services Tax - GST Wed, 14 Oct 2026 06:31:45 +0530 https://www.taxtmi.com/article/detailed?id=17575