Rajkot Nagarik Sahakari Bank Ltd ., In re
Date: December 7, 2023
Subject Matter
Incentives received under ‘Atma Nirbhar Gujarat Sahay Yojna’ are liable to GST. AAR ruling upheld.
Summary
The case law involves an appeal filed by M/s Rajkot Nagrik Sahakari Bank Ltd. against the Advance Ruling No. GUJ/GAAR/R/35/2021, dated 30.07.2021 of the Gujarat Authority for Advance Ruling. The appellant argued that the amount received by them under…
FULL TEXT OF THE ORDER OF AUTHORITY FOR ADVANCE RULING, GUJARAT At the outset we would like to make it clear that the provisions of the Central Goods and Services Tax Act, 2017 and Gujarat Goods and Services Tax Act, 2017 (hereinafter referred to as the ‘CGST Act, 2017 and the ‘GGST Act, 2017’) are in pari materia and have the same provisions in like matter and differ from each o…