GST Not Applicable on Leasehold Rights Transfer, Holds Bombay High Court - CAclubindia

The assignment of leasehold rights has emerged as a contentious issue under the Goods and Services Tax (GST) regime. While the GST Act, 2017, defines "supply" broadly under Section 7, the classification of transactions involving immovable property continues to generate litigation. The central question is whether the transfer of leasehold rights amounts to a taxable supply of service or whether it…