Gauri Jagtap Sheds Light on Leasehold Land Transactions in Business Standard Article

Gauri Jagtap recently shared her expert insights on the complexities of leasehold land transactions in an article published by Business Standard. Her commentary highlighted the intricate legal interpretations surrounding the transfer of rights in leasehold land and their implications under the Goods and Services Tax (GST) regime.

In the article, Gauri Jagtap emphasized that in cases involving leasehold land, the transaction typically involves the transfer of rights to use the property for a specified period, without transferring ownership. This distinction raises significant questions about how such transactions should be classified for tax purposes. Jagtap pointed out that authorities might view these transactions as akin to the provision of a service rather than a sale of land, which could subject them to GST.

Read more: https://www.business-standard.com/economy/news/tax-on-transfer-of-leasehold-land-gst-authorities-may-have-an-upper-hand-124090601111_1.html