Bombay High Court Grants Interim Protection Against GST Recovery on Assignment of Leasehold Rights Pending Supreme Court Decision
The Bombay High Court has granted interim protection to petitioners against recovery proceedings and stayed adjudication of show cause notices concerning GST liability on assignment of leasehold rights, pending the Supreme Court’s decision on the issue. The Court relied on the Gujarat High Court’s ruling that such assignments do not constitute ‘supply’ under the CGST Act.
