Midcon Polymers Pvt. Ltd ., In re
Date: January 11, 2021
Subject Matter
For the purpose of arriving at the total rental income, the notional interest earned on the security deposit is not to be taken into consideration
Summary
We modify the advance ruling No KAR ADRG 48/2020 dated 16-09-2020 and answer the questions raised by the Appellant in the original advance ruling application and in this appeal, as follows: 1. For the purpose of arriving at the value of rental income…
1. At the outset we would like to make it clear that the provisions of CGST, Act 2017 and SGST, Act 2017 are in parimateria and have the same provisions in like matter and differ from each other only on a few specific provisions. Therefore, unless a mention is particularly de to such dissimilar provisions, a reference to the CGST Act would also mean reference to the corresponding similar pro…