GST Refund Directed as Deficiency Memo on leasehold transfer Found Unsustainable

Payal Plastichem Private Limited Vs State of Gujarat & Ors. (Gujarat High Court) The petitioner approached the Gujarat High Court seeking to quash a Deficiency Memo dated 09.06.2025 and for a direction to sanction a GST refund. The petitioner, a subsidiary engaged in manufacturing plasticisers and PVC compounds, had purchased a leasehold industrial plot originally allotted by the Gujarat Industrial Development Corporation (GIDC) on a long-term lease. The plot was transferred through successive transfer orders and ultimately sold to the petitioner under an agreement dated 19.07.2024, with c...