Punjab Small Industries & Export Corporation Limited ., In re

Date: November 8, 2018

Court: Authority for Advance Ruling

Bench: Chandigarh

Type: Advance Ruling

Judge(s)/Member(s): Kumar Gaurav Dhawan, Additional Commissioner of Central Goods & Services Tax Commissionerate, Chandigarh and Rakesh Kumar Popli, Additional Commissioner, Excise & Taxation Department, Chandigarh (U.T)

Subject Matter

GST applicable on ancillary services(Transfer Fees, Extension Fees, Conversion Fees etc) related to long term lease of industrial plots

Summary

The Applicant is state Government owned Industrial Development undertaking which is mainly engaged in providing (30 years or more) lease of Industrial Plots against one time upfront amount (Called as premium, salami, cost, price, development charges…

Present application has been filed u/s 97 of the Central Goods & Services Tax Act, 2017 & similar provisions under Union Territory Goods and Services Tax Act, 2017 (herein after referred to as CGST Act, 2017 & UTGST Act, 2017). The Applicant M/s Punjab Small Industries & Export Corporation Limited is state Government owned Industrial Development undertaking which is mainly engaged…

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