2023 (6) TMI 637 - SCH - GST

Levy of GST on the one-time lease premium - letting plots of land on lease basis - long term lease - HELD THAT - The question of exemption granted by Notification No. 12 of 2017-CT (Rate) dated 28.06.2017 w.e.f., 01.07.2017 not gone into - scope and ambit of the expression in Clause 2 (a) of Schedule-II licence to occupy land is a supply of services of the Central Goods and Services Act, 2017 not examined. The special leave petition is dismissed.

Summary

The Supreme Court dismissed the special leave petition, stating that they do not find any reason to take a different view than the High Court. They clarified that they have not examined the exemption granted by Notification No. 12 of 2017-CT (Rate) and the scope of the expression "licence to occupy land is a supply of services" under the Central Goods and Services Act, 2017.