https://www.taxtmi.com/caselaws?id=412719 Transfer of an operating airport undertaking for a long concession period, with assets, liabilities, employee obligations and operational control passing to the concessionaire, was treated as a supply of service under section 7 of the CGST Act. The arrangement was also characterised as transfer of a going concern as an independent part of the business, so Schedule II entry 4 was held inapplicable to determine its nature. As the transaction fell within Entry 2 of Notification No. 12/2017-Central Tax (Rate), the concession fee and linked reimbursements of staff and municipal charges formed part of the exempt consideration. Only the proposed out-of-contract supply of spares and consumables remained taxable. en-us Fri, 27 Aug 2021 00:00:00 +0530 Thu, 27 Mar 2025 12:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412719 Transfer of an operating airport undertaking for a long concession period, with assets, liabilities, employee obligations and operational control passing to the concessionaire, was treated as a supply of service under section 7 of the CGST Act. The arrangement was also characterised as transfer of a going concern as an independent part of the business, so Schedule II entry 4 was held inapplicable to determine its nature. As the transaction fell within Entry 2 of Notification No. 12/2017-Central Tax (Rate), the concession fee and linked reimbursements of staff and municipal charges formed part of the exempt consideration. Only the proposed out-of-contract supply of spares and consumables remained taxable. Case-Laws GST Fri, 27 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412719