Companies drag government to court over GST on long-term land lease pacts

Mumbai: Some companies have dragged the government and the  indirect tax department to court over  goods and services tax ( GST ) levied on these deals in what could jeopardise longterm land lease deals. As per the current regulations, 18% GST is levied on any long term lease transactions, and industry trackers said the GST paid becomes pure cost as it cannot be used as  input tax c…