Asset monetisation: NITI seeks GST waiver for 'rights to use' transfers

At present, the transfer of 'Rights to Use' is considered a supply under the GST regime, and attracts 18 per cent tax in the hands of the new entity or special purpose vehicle To enable easier monetisation of assets, the  NITI Aayog  may seek a waiver of  goods and services tax  (GST) on ‘Rights to Use’ while transferring an asset to a new entity, following requests from …