No GST On Transfer Of Jaipur International Airport Business To Adani Group; Here’s What The CGST Act Says About Tax Exemptions

• The exemption granted under ‘Notification No. 12/2017’ of the CGST Act, is not exclusive to Adani Group but is applicable to all qualifying entities engaged in similar transactions.
• The advance ruling obtained by the parties involved in the Jaipur International Airport deal was merely a proactive measure to ensure compliance with the applicable tax laws and avoid any ambiguities.

The Authority for Advance Rulings, Rajasthan, has recently given a verdict that the transaction between the Adani Group and the Airport Authority of India (AAI) — concerning operations, management, and development of Jaipur International Airport — will be exempt from Goods and Service Tax (GST).

As soon as the news came out, the government is being targeted for “favouring” the Adani Group and various tweets are being shared on the topic by opposition parties.