Case Law Analysis
|Bombay High Court
GST Exemption for Leasehold Rights Transfer | Bombay HC Rules Assignment of Leasehold Rights is Immovable Property, Not Taxable Service
Bombay High Court clarifies that the transfer of leasehold rights constitutes a transfer of immovable property, not a supply of services, and is thus exempt from GST. The ruling provides critical relief for businesses and lessors involved in lease assignments, reinforcing the distinction between property transfers and taxable services under GST law.