HC : Leasing land for town development constitutes 'supply of service'; One-time premium taxable

HC confirms levy of GST on one-time lease premium charged by City Industrial and Development Corporation of Maharashtra Ltd. (CIDCO) from members of Builders Association of Navi Mumbai in respect of letting of plots of land, u/s 7 of CGST Act r/w Schedule II; Rejects assessee’s contention that long term lease of 60 years would tantamount to sale of immovable property, since lessor is deprived of, by allotment, the right to use, enjoy and possess the property and that one-ti...