https://www.taxtmi.com/caselaws?id=436933 The AAR Rajasthan held that the transfer of Jaipur Airport business from Airports Authority of India to Adani Jaipur International Airport Limited constitutes a "transfer of going concern" and qualifies as supply of services under CGST Act. This transfer is exempt from GST under Entry 2 of Notification 12/2017-CT(R). Monthly/annual concession fees and reimbursement of municipal/property/water taxes are also exempt as part of the going concern transfer. However, reimbursement of salary/staff costs is taxable at 18% as it constitutes manpower supply services, not part of the going concern transfer. ITC reversal under Section 17 is required for exempt supplies. en-us Mon, 20 Mar 2023 00:00:00 +0530 Wed, 16 Apr 2025 14:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436933 The AAR Rajasthan held that the transfer of Jaipur Airport business from Airports Authority of India to Adani Jaipur International Airport Limited constitutes a "transfer of going concern" and qualifies as supply of services under CGST Act. This transfer is exempt from GST under Entry 2 of Notification 12/2017-CT(R). Monthly/annual concession fees and reimbursement of municipal/property/water taxes are also exempt as part of the going concern transfer. However, reimbursement of salary/staff costs is taxable at 18% as it constitutes manpower supply services, not part of the going concern transfer. ITC reversal under Section 17 is required for exempt supplies. Case-Laws GST Mon, 20 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436933