Bombay HC quashes GST on Leasehold Rights, directs to Consider Gujarat HC decision while Remanding Matter

The Bombay High Court has quashed GST on leasehold rights, directing authorities to consider the Gujarat High Court’s decision while remanding the matter. The court found that the imposition of GST on leasehold rights was unjust, based on a previous ruling by the Gujarat High Court that exempted such transactions. This decision brings clarity to the taxation of leasehold rights, especially in real estate transactions. It emphasizes that GST should not apply in such cases unless clearly stipulated in law. The case has been sent back for further review in light of the latest ruling, offering relief to taxpayers.