AAR: ‘Free’ transfer to lessor of assets fastened to building constitutes a ‘supply’

Karnataka AAR holds that transfer/disposal of assets fastened to building on delivering possession to lessor, ‘free', amounts to “supply” u/s 7 of CGST Act, 2017; Notes that the applicant had taken a premises/building on lease and intends to hand over possession to the owner along with fixtures to the building, in ‘as is where is’ condition since they cannot be dismantled, without charging any consideration for the same; Observes that, assets sought to be transferre...