Nagpur Integrated Township Private Limited ., In re
Date: April 2, 2019
Subject Matter
There is a composite supply of works contract in relation to construction of a complex, building, etc. which is intended to be handed over to the buyer, where the transaction is shown as a lease transaction and not, sale.
Summary
The applicant has submitted that the subject transactions being undertaken by them, being in the nature of long term lease of residential apartment to individual customers, will construe a supply of service but such supply is exempted from payment of…
The present application has been filed under section 97 of the Central Goods and Service Tax Act, 2017 and the Maharashtra Goods and Services Tax Act, 2017 [hereinafter referred to as “the CGST Act and MGST Act”‘ by M/s Nagpur Integrated Township Private Limited, the applicant, seeking an advance ruling in respect of the following questions. Whether the transact…