Leasehold Transfer the Saga of two roads.

Two recent authorities point in opposite directions on leasehold transfers. The Maharashtra AAR treats transfers of buildings on leased land as an 18% taxable service. The Gujarat High Court says assignment of leasehold rights is a non-taxable transfer of immovable property. The Supreme Court’s decision in the Alfa Tools matter will settle this high-stakes split, implications for M&A, valuations and GST exposure are massive. Meanwhile J the App by JustIDT takes a peek.