Bombay HC Quashed GST Demand for Treating Leasehold Assignment as Supply of Service

Aerocom Cushions Private Limited Vs Assistant Commissioner (Bombay High Court) The Bombay High Court heard a writ petition challenging a show cause notice dated 20 December 2024 issued under Section 74(1) of the Central Goods and Services Tax Act, 2017. The notice proposed to demand and recover GST of ₹27,00,000 from the petitioner on the ground of alleged non-payment of GST on the transfer of leasehold rights. According to the notice, the petitioner had assigned its leasehold rights in an MIDC plot to another party for a consideration of ₹1.50 crore with the consent of MIDC and upon payme...