https://www.taxtmi.com/caselaws?id=789210 Contribution of developed leasehold land, a constructed hotel project and associated infrastructure to an LLP in exchange for partnership interest and profit-sharing rights was treated as a taxable supply of service under GST. The AAR reasoned that the transfer involved valuable rights between distinct taxable persons, and that non-monetary benefits received in return constituted consideration. Looking to the substance of the arrangement, it characterised the transaction as a structured commercial exploitation model rather than a mere capital contribution. Schedule III was found inapplicable, while Schedule II was applied to treat the activity as a supply of service, making GST leviable. en-us Wed, 18 Mar 2026 00:00:00 +0530 Sat, 04 Apr 2026 08:53:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789210 Contribution of developed leasehold land, a constructed hotel project and associated infrastructure to an LLP in exchange for partnership interest and profit-sharing rights was treated as a taxable supply of service under GST. The AAR reasoned that the transfer involved valuable rights between distinct taxable persons, and that non-monetary benefits received in return constituted consideration. Looking to the substance of the arrangement, it characterised the transaction as a structured commercial exploitation model rather than a mere capital contribution. Schedule III was found inapplicable, while Schedule II was applied to treat the activity as a supply of service, making GST leviable. Case-Laws GST Wed, 18 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789210