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Gujarat HC says no GST on transfer of state land leases
Business Standard
|January 07, 2025
In a landmark judgment, the Gujarat High Court has ruled goods and services tax (GST) does not apply to the transfer of leasehold rights to a third party in land granted by Gujarat Industrial Development Corporation (GIDC).
The ruling—in the Suyog Dye Chemie vs Union of India case—brings significant relief to companies that faced the burden of retrospective demand for 18 per cent GST on such lease transfers, amounting to liabilities of approximately ₹8,000 crore only in Gujarat and Maharashtra.
The court's decision not only alleviates the financial strain on affected businesses but also addresses long-standing concerns regarding double taxation.
This story is from the January 07, 2025 edition of Business Standard.
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