https://www.taxtmi.com/caselaws?id=425087 The AAR, UP ruled that the transfer of business by Airport Authority of India to the private entity constitutes a transfer of going concern, qualifying for GST exemption under Entry No. 2 of Notification No. 12/2017. The concession fees and reimbursement of municipal/property taxes are exempt as part of the business transfer consideration. However, reimbursement of employee salary costs is taxable at 18% GST as it constitutes supply of manpower services, not part of the going concern transfer. Input tax credit reversal is required proportionately for exempted supplies under Section 17 of CGST Act. en-us Fri, 13 May 2022 00:00:00 +0530 Fri, 04 Apr 2025 15:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425087 The AAR, UP ruled that the transfer of business by Airport Authority of India to the private entity constitutes a transfer of going concern, qualifying for GST exemption under Entry No. 2 of Notification No. 12/2017. The concession fees and reimbursement of municipal/property taxes are exempt as part of the business transfer consideration. However, reimbursement of employee salary costs is taxable at 18% GST as it constitutes supply of manpower services, not part of the going concern transfer. Input tax credit reversal is required proportionately for exempted supplies under Section 17 of CGST Act. Case-Laws GST Fri, 13 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425087