Bombay HC Stays GST on MIDC Leasehold Transfer

Elite Clothing Company Pvt Ltd Vs Union of India & Ors (Bombay High Court) Bombay High Court has granted an interim stay on an order imposing Goods and Services Tax (GST) on the assignment of leasehold rights for a plot of land and buildings within a Maharashtra Industrial Development Corporation (MIDC) area. The ruling came in a writ petition filed by Elite Clothing Company Pvt Ltd, challenging the levy of GST on a lump-sum consideration received for such a transfer. The core legal question before the High Court was whether the assignment of leasehold rights, along with the structures bui...