SC backs taxpayers, rules out GST on GIDC industrial lease rights transfer

The Supreme Court on July 21 ruled in favour of taxpayers by dismissing the Centre’s special leave petitions (SLPs) against a January 2025 Gujarat High Court order, holding that goods and services tax (GST) cannot be charged when companies transfer long-term leasehold rights in industrial plots allotted by the Gujarat Industrial Development Corporation (GIDC). A bench of Justices Pamidighantam Sri…