Levy of GST on Assignment of Leasehold Rights: Aftermath of Gujarat High Court’s verdict

One of the burning questions upon the introduction of goods and services tax (GST) was whether GST is leviable on benefits arising from land, viz. development rights, leasehold rights, easements, profit a prendre, etc. This question arose specifically on account of the wide definition of the term “service” as “anything other than goods”1 and the exclusion of only “sale of land and building” from t…