Bombay HC Grants Interim Protection as GST Liability on Leasehold Assignment Is Under Challenge

Estate Investment Company Pvt. Ltd. Vs Union of India (Bombay High Court) In Estate Investment Company Pvt. Ltd. Vs Union of India, the Bombay High Court heard petitions concerning the levy of Goods and Services Tax (GST) on the assignment of leasehold rights of land allotted by a State Industrial Development Corporation along with buildings constructed on such land. Counsel for the petitioners relied on a decision of the Gujarat High Court in Gujarat Chamber of Commerce and Industry vs Union of India, which held that GST would not be leviable on assignment of leasehold rights of a plot allott...