Maharashtra land sold by General Motors to Hyundai attracts 18% GST

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 manufacturin…