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Maharashtra land sold by General Motors to Hyundai attracts 18% GST, says ruling
The New Indian Express Tiruchy
|April 12, 2025
THE transfer of Talegaon, Maharashtra, land by General Motors India to Hyundai Motor India Ltd (HMIL) is liable to 18% GST, the advance ruling authority of the state has said in a recent order.
The ruling comes in the context of transfer of GM's ₹787 crore worth of Talegaon facility assets (leasehold industrial plot, buildings, and plant and machinery) to HMIL after the former stopped manufacturing activities and business as a going-concern.
Esta historia es de la edición April 12, 2025 de The New Indian Express Tiruchy.
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