Supply or Land Transaction? Bombay HC Stays GST Demand on Development Rights in Revenue-Sharing Deals

The Bombay High Court has stayed a GST demand on development rights in revenue-sharing deals, considering the transaction as a supply of land. The court's interim order suggests that it views the granting of development rights in a revenue-sharing arrangement as akin to a transaction involving land, which has specific GST implications or potential exemptions. The stay on the GST demand indicates that the High Court finds merit in the petitioner's argument against the imposition of GST on this aspect of the development agreement. This case highlights the ongoing legal complexities and differing interpretations surrounding the applicability of GST to real estate transactions, particularly those involving development rights and revenue-sharing models.