Yulu Bikes Pvt. Ltd ., In re
Date: February 2, 2021
Subject Matter
Renting of e-bikes/bicycles without an operator is classifiable under SAC 9973. AAR ruling set-aside
Summary
Whether renting of e-bikes (Miracle), bicycles (Move) without operator can be classified under the SAC 9973 – Leasing or rental services without operator -Sl.No.17 (viia) of Notification No.11/2017 Central Tax (Rate) dated 28th June 2017 as ame…
1. At the outset we would like to make it clear that the provisions of CGST, Act 2017 and SGST, Act 2017 are in parimateriaand have the same provisions in like matter and differ from each other only on a few specific provisions. Therefore, unless a mention is particularly made to such dissimilar provisions, a reference to the CGST Act would also mean reference to the corresponding similar provisio…