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

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