9911796707
TMI Blog2020 (8) TMI 519X X X X Extracts X X X X X X X X Extracts X X X X ..... - Advane Ruling No. KER/89/2020 - - - Dated:- 20-5-2020 - SHRI. SIVAPRASAD.S, IRS SHRI.B.S. THYAGARAJABABU, B.SC, LL.M MMBER Authorized Representative Saju Co., Chartered Accountants 1. M/s Shriram EPC Ltd (hereinafter referred to as the applicant ) had received a work order from Mis Kerala Feeds Ltd, Thrissur during 2014, for the work of design and engineering, supply, erection, testing and commissioning of structural, Mechanical, Electrical and Instrumentation equipments / works for the setting up of 500 TTD Cattle Feed Plant project at Thodupuzha. Even though it was single tender, for execution purpose, it has been split up into three orders viz (i) Design and Engineering (ii) Supply of materials under sale in transit and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dvance ruling on the following; i. In as much as no credit on the inputs lying in stock as on 01.07.2017 having been availed, there is no amount of ITC benefit to be passed on to the clients. ii. The commensurate credit passed on to clients for the ITC availed on inputs received after 01.07.2017 will be in full compliance of the provisions of GST law on the issue. 4. The authorized representative of the applicant was heard. It is stated that due to the confusion and the technical glitches that prevailed in GSTN during the changeover to GST regime, they were struggling to complete the transition formalities, accounting etc and the aspect of claiming ITC on the inputs lying in stock as on 01.07.2017 was omitted as most of the inp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... aw. 6. The matter was examined in detail. As per Section 97(2) of the CGST/SGST Act, the question on which the advance ruling can be sought under the Acts, shall be in respect of,- (a) classification of any goods or services or both; (b) applicability of a notification issued under the provisions of this Act; (c) determination of time and value of supply of goods or services or both; (d) admissibility of input tax credit of tax paid or deemed to have been paid; (e) determination of the liability to pay tax on any goods or services or both; (f) whether applicant is required to be registered; (g) whether any particular thing done by the applicant with respect to any goods or services or both amounts to or ..... X X X X Extracts X X X X X X X X Extracts X X X X
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