Dedicated Freight Corridor Corporation of India Limited ., In re
Date: November 2, 2023
Court: Authority for Advance Ruling
Bench: Gujarat
Type: Advance Ruling
Judge(s)/Member(s): Riddhesh Raval, Amit Mishra
Subject Matter
No GST liability on escrow account deposit
Summary
The case law involves a dispute over whether the amount deposited in an escrow account, pending the outcome of a challenge before the Dispute Adjudication Board (DAB)/Arbitral Tribunal and which can be withdrawn only against a Bank Guarantee (BG), is…
FULL TEXT OF THE ORDER OF AUTHORITY FOR ADVANCE RULING, GUJARAT M/s Dedicated Freight Corridor Corporation of India Limited (hereinafter referred as Applicant), a PSU under the ownership and control of Ministry of Railways & incorporated under the Companies Act, 1956, is registered with the department & their registration number is 24AACCD4768MIZB. 2. Applicant is engaged in the business o…