Transfer of Leasehold Rights of Industrial Plots was not taxable as supply under GST u/s 7(1)(a)

BVM Pharma Through Partner Alkaben Paneri Vs Union Of India & Ors. (Gujarat High Court) Conclusion: Transfer or assignment of leasehold rights of industrial plots did not amount to a taxable supply under the Goods and Services Tax Act, 2017 as per provisions of Section 7(1)(a) read with Schedule II and Schedule III. Held: Assessee had transferred Industrial Plot, Dahej II Industrial Estate to M/s Dayaram Pharma Chem through a final transfer order issued by GIDC in December 2019. Based on this transfer, the Department issued summons (17.04.2023), followed by intimation in DRC-01A (20.05.202...