Gujarat High Court Holds Assignment of Leasehold Rights in GIDC Land Not Subject to GST as Supply of Service
The Gujarat High Court has ruled that the assignment or transfer of leasehold rights in industrial plots allotted by GIDC constitutes a transfer of immovable property and is not a ‘supply of service’ under the GST Act. Consequently, such transactions are outside the purview of GST, and related tax demands are unsustainable.
