Bansal Industries ., In re
Date: March 19, 2023
Subject Matter
Purchase of raw cotton from the agent of the agriculturist attracts GST under reverse charge mechanism. AAR ruling upheld.
Summary
The ruling involves an appellant, M/s Bansal Industries, a partnership firm engaged in the business of ginning and pressing of cotton as well as crushing of oil seeds, seeking an advance ruling on whether the purchase of raw cotton from a registered…
FULL TEXT OF THE ORDER OF APPELLATE AUTHORITY FOR ADVANCE RULING, PUNJAB At the outset, we would like to make it clear that the provisions of both the Central Goods and Services Tax Act, 2017 and the Punjab Goods and Services Tax Act, 2017, (hereinafter referred to as, “CGST Act” and “PGST Act”) are the same except for certain provisions. Therefore, unless a mention i…