AAR: Transfer of under-construction project under BTA as a ‘going concern’ exempt from GST

Uttarakhand AAR holds that the transfer of under-construction project under a Business Transfer Agreement (BTA) is exempted from GST; Notes that applicant sold the under-construction building as a whole with all its assets and transfer of the rights to buyer including the approved map from the competent authority; Observes that the buyer had purchased the under-construction building/ business to carry on the same kind of business as the purchaser themselves engaged in constru...