Punjab Small Industries & Export Corporation Limited ., In re
- Court:
- Authority for Advance Ruling
- Bench:
- Chandigarh
- Date:
- November 8, 2018
- Type:
- Advance Ruling
- Members:
- 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
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…
Judgement
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…