The Rajasthan Authority of Advance Ruling (AAR) has ruled that GST is not applicable on transfers of going concern by the Airport Authority of India (AAI) to Adani Jaipur Airport.The bench of Umesh.
The AAI had approached the Rajasthan bench of the Authority for Advance Ruling (AAR) seeking ruling on whether the transfer of the airport business to Adani was treated as supply as going concern and whether GST was leviable on the transfer of assets.
, , adani group, Jaipur airport, GST Tax
The transfer of Jaipur international airport operations by Airports Authority of India (AAI) to the Adani group is exempt from Goods and Services Tax (GST), the Authority for Advance Ruling has said.
The AAI had approached the Rajasthan-bench of the Authority for Advance Ruling (AAR) seeking