Transfer of tenancy rights not a sale under CGST Act 2017; subject to GST on received consideration.

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Full Text of the Document

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....Levy of GST on sale of tenancy right - The transfer of tenancy rights cannot be treated as sale of land or building declared as neither a supply of goods nor of services in para 5 of Schedule III to CGST Act, 2017. Thus a consideration for the said activity shall attract levy of GST....