GST payable on transfer of leasehold rights

In re India Pistons Limited (GST AAR Tamil Nadu)

As to whether GST is payable on the transfer of leasehold rights in respect of the consideration of Rs. 15 Crores received by them from M/s. INOX Air products Private Limited for the land allotted by SIPCOT? Whether the Subsequent transfer of SIPCOTs allotted land from the Applicant to M/s. Inox Air Products Private Limited would fall within the ambit of ‘Supply’ as defined under Section 7 of the Goods and Services Act 2017?

Please become a Premium member. If you are already a Premium member, login here to access the full content.