GST Applicable on Transfer of Long-Term Leasehold Rights: AAR AP

In re Kobelco Construction Equipment India Pvt. Ltd. (GST AAR Andhra Pradesh) M/s Kobelco Construction Equipment India Pvt Ltd, a manufacturer of excavators with a unit in Sri City (DTZ), sought an Advance Ruling from the Andhra Pradesh Authority for Advance Ruling (AAR) regarding the Goods and Services Tax (GST) implications of assigning its long-term leasehold rights. The applicant held a 99-year lease on 9.35 acres of land in Sri City, commencing from May 29, 2015, which was originally granted to a merged entity, Kobelco Cranes India Private Limited. The applicant now intended to transfer t...