The Supreme Court dismissed the Revenue SLP (Diary No. 26041/2026) and upheld the Bombay High Court ruling in WP 2145/2025 that assignment of leasehold rights in MIDC industrial plots does not attract GST. The HC quashed SCN No.47/AC/GST/NGP-I/2024 demanding Rs.27 lakh GST. Key holding: assignment of leasehold rights is a transfer of immovable property with no nexus to business — essential element of supply under Section 7 CGST Act is absent. Ruling applies to GIDC, MIDC and similar industrial authority plots.
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