Is GST Leviable on Transfer of Lease-hold Rights? Supreme Court Clubs Multiple Petitions to Examine Issue in Joint Hearing

The Supreme Court has clubbed multiple petitions to "examine the issue of whether GST is leviable on the transfer of lease-hold rights." The court's decision to hold a joint hearing highlights the complexity and importance of the issue. The outcome of the case could have a profound impact on the real estate sector and the way transactions are taxed. This is a significant development in the GST and property law sectors.