https://www.taxtmi.com/caselaws?id=769133 AAR Maharashtra ruled on GST applicability for asset transfers under an Asset Purchase Agreement. The authority held that assignment of leasehold rights constitutes taxable service under "other miscellaneous service" at 18% GST, as leasehold rights are deemed services under Schedule II. Building transfer was also classified as assignment of leasehold rights (service) rather than sale of goods, since the applicant held only leasehold rights, not ownership. Plant and machinery sale qualified as taxable supply of goods under GST, with valuation per Section 18(6) considering input tax credit availed on capital goods. en-us Mon, 10 Mar 2025 00:00:00 +0530 Fri, 06 Jun 2025 10:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769133 AAR Maharashtra ruled on GST applicability for asset transfers under an Asset Purchase Agreement. The authority held that assignment of leasehold rights constitutes taxable service under "other miscellaneous service" at 18% GST, as leasehold rights are deemed services under Schedule II. Building transfer was also classified as assignment of leasehold rights (service) rather than sale of goods, since the applicant held only leasehold rights, not ownership. Plant and machinery sale qualified as taxable supply of goods under GST, with valuation per Section 18(6) considering input tax credit availed on capital goods. Case-Laws GST Mon, 10 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769133