SHV Energy Private Limited ., In re
Date: August 6, 2021
Subject Matter
Sale of LPG, Collection of Take or Pay Charges for not lifting minimum assured quantity and rental charges for Supplier Gas System cannot be treated as composite supply
Summary
‘Take or Pay’ contract is a contact which requires the buyer to either purchase and receive a minimum amount of product at a set price(“:ake”) or pay for this minimum without taking immediate delivery(“pay”). &lsqu…
1. M/s. SHV Energy Private Limited, Super Gas House, IV Floor, SDE Serene Chamber, 8-2-334, Road No.7, Banjara Hills, Hyderabad – 500 034,Telangana, (GSTIN No. 36AACCS8676D1Z3) have filed an application in FORM GST ARA-01 under Section 97(1) of TGST Act, 2017 read with Rule 104 of CGST/TGST Rules, At the outset, it is made clear that the provisions of both the CGST Act and the TGST Act…