Kolte Patil Developers Ltd ., In re
Date: April 11, 2019
Subject Matter
AAR/AAAR cannot decide whether ITC of Service Tax and State VAT paid while booking of flat is available to the Developer, if cancelled in GST regime. AAR ruling upheld.
Summary
1. The applicant sought to know whether GST input tax credit of Service Tax and State VAT paid while booking of flat is available to the Developer, if cancelled in GST regime? What will be the methodology to avail Input Tax Credit on the said taxes p…
A. Kolte Patil Developers Ltd ( ‘the Appellant’) is engaged in the activity of Construction of Residential and Commercial complex. B. The application for Advance Ruling (AR) dated 19th June 2018 was filed by them with an intent to seek clarification whether the Service Tax/VAT paid earlier can be claimed as credit or allowed as refund to property buyers. C. The facts in the instant cas…