Articles 25th Mar 2025
The recent Gujarat HC decision in Gujarat Chamber of Commerce holding that assignment by sale and transfer of leasehold rights of the plot of land allotted by State Industrial Development Corp. to lessee is not liable to GST has come as a breather to real-estate sector. Given this, one need to be mindful that SC dismissed SLP against judgment of Bombay HC that confirmed levy of GST on one-time lease premium charged by CIDCO from members of a builders association towards allotment of plots of land.
Against this backdrop, our Partner Darshan Bora and Principal Associate Anchal Mundada have written an article on “GST on Leasehold Rights in Land and Assignment Thereof ” published by Taxsutra.
As per the rules of the Bar Council of India, lawyers and law firms are not permitted to solicit work or advertise. By clicking on the "I Agree" button, you acknowledge and confirm that you are seeking information relating to Economic Laws Practice (ELP) of your own accord and there has been no advertisement, personal communication, solicitation, invitation or any other inducement of any sort whatsoever by or on behalf of ELP or any of its members to solicit any work through this website.
