State Industries Promotion Corporation of Tamilnadu Limited ., In re
Date: June 19, 2023
Subject Matter
Penalty for delay in execution of the project and delay in execution of lease deed are not liable to be taxed
Summary
The advance ruling discusses the liability of different charges and payments under the prevailing GST laws. It states that supply of raw water and its incidental charges, interest collected towards delayed payment for upfront lease premium and differ…
FULL TEXT OF ORDER OF AUTHORITY OF ADVANCE RULING, TAMIL NADU 1.1 The applicant M/s State Industries Promotion Corporation of Tamilnadu Limited (hereinafter referred to as Applicant) is registered under the GST Act, 2017 with GSTIN 33AAACS4643J1ZF. The Applicant has sought Advance Ruling on the following questions:- 1. Whether the Supply of raw water and its incidental charges are liable to be tax…