Leasehold-right assignment by corporate debtor attracts GST at 18%: AAR

Putting to rest all confusion on applicability of indirect tax on transactions related to assets under liquidation, the West Bengal Authority for Advance Ruling (AAR) has said that leasehold-right assignment by a corporate debtor attracts 18 per cent GST.  The AAR held that activity of assignment of asset — leasehold factory unit with car parking space leased by West Bengal Development Corpor…