Allahabad High Court Stays GST on Leasehold Rights Transfer

BKP Media Vision Private Limited Vs Union of India and 5 others (Allahabad High Court) Allahabad High Court has ordered an interim stay on the recovery of Goods and Services Tax (GST) demanded from BKP Media Vision Private Limited concerning the transfer of leasehold rights in land. The court’s decision relies on a precedent set by the Gujarat High Court, which held that such transactions are not subject to GST. BKP Media Vision Private Limited had been granted a 99-year lease by NOIDA. Following permission from NOIDA, the company transferred all its rights in the leased land to a purcha...