General Motors India’s transfer of its Talegaon plant to Hyundai Motor India will attract 18% GST, according to a ruling by the Maharashtra Authority for Advance Rulings (AAR). The ₹787 crore deal includes leasehold land, buildings, and machinery. AAR classified the leasehold land assignment as a taxable supply of service, not an immovable property sale.
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General Motors India’s transfer of its Talegaon plant to Hyundai Motor India will attract 18% GST, according to a ruling by the Maharashtra Authority for Advance Rulings (AAR). The ₹787 crore deal includes leasehold land, buildings, and machinery. AAR classified the leasehold land assignment as a taxable supply of service, not an immovable property sale.
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