9911796707
TMI Blog2021 (8) TMI 581X X X X Extracts X X X X X X X X Extracts X X X X ..... o to section 98 (2) - the applicant's plea for admission of his application for advance ruling in terms of provisions of sub section (2) of section 98 of CGST Act, 2017 is rejected. - AAR No. 01/AP/GST/ 2021 - - - Dated:- 11-1-2021 - SRI. D. RAMESH, AND SRI. A. SYAM SUNDAR, MEMBER Represented by : CA. A.R.S. Krishnarao CA. MSR Prasad ORDER (Under sub-section (2) of Section 98 of Central Goods and Services Tax Act, 2017 and sub-section (2) of Section 98 of Andhra Pradesh Goods and Services Tax Act, 2017) The present application has been filed u/s 97 of the Central Goods Services Tax Act, 2017 and AP Goods Services Tax Act, 2017 (hereinafter referred to CGST Act and APGST Act respectively) by The President, Vija ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s given these shops for renting to State Bank of India for utilization of this bank facility by its members. The details of revenue earned by the Society during the FY 2017-18 are Particulars Amount (in Rs.) Maintenance charges collected from members towards provision of common facilities/amenities supra 1,07,37,926/- Rent/lease amount received from rented shops devolved upon the Society on account of defaulting members 14,16,096/- Miscellaneous income collected from members towards late payments 26,400/- TOTAL 1,21,80,422/- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mount of ₹ 1,21,80,422/- from the members of the society for the financial year 2017-18, crossing the threshold limit. The total amount so collected during the year 2017-18 is approximated to the period July -2017 to March -2018 (as the Goods Services Tax is implemented w.e.f. 01.07.2017) which amounts to ₹ 91,35,317/- on which the society has to pay tax portion of ₹ 16,44,356/- Goods and Service Tax @ 18% (CGST @ 9% CGST 9%). Thus, vide Form GST ASMT-14 dated 25.11.2019 relying on the provisions of Sec. 2 (17) (e) read with section 22 (1) of both CGST and APSGST Acts; the said authority directed the applicant to file objections for the proposed levy of taxes. In this context the applicant approached the AAR seekin ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
