9911796707
TMI Blog2021 (10) TMI 370X X X X Extracts X X X X X X X X Extracts X X X X ..... ated 14.12.2020 has also opined that the tax difference ought to be calculated on each of the works and necessary steps to be taken to decide as to whether contract agreement needs to be changed. While making such clarification, the nature of reconciliation of tax paid in the pre-GST regime as well as taxes as applicable relating to all taxes in post-GST regime has been taken note of - This clarification made in the context of an authority set up under a statute and taking note of the clarification made by the KUIDFC, the respondent is required to act in terms of the clarification made. Further, insofar as tax component is concerned, as the contracts were entered after coming into force of the GST Act, and in light of the opinion express ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rvices Act ( the GST Act , for short). 3. The petitioner submits that necessary payment at the petitioner's end of the applicable GST being statutory requirement has been made and the details of the payment are as per the table mentioned in Para 11 of the petition, which reads as under: Particulars Period Balance GST not paid to petitioner Renovation of Swimming pool and operation From 14/7/2019 to 30/11/2019 ₹ 15,42,727 Rehabilitation of MG Park From 31/07/2019 to 04/08/2020 ₹ 26,58,856 Total ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... at and to be set at against the output GST (Billed to the Smart City) In this regard, a copy of the detailed report submitted by the Consultants M/s.S.R. M.R. Associated, Chartered Accountants to KUIDFC on goods service tax matters is enclosed herewith for your reference and further action in the matter. 6. It is not in dispute that the respondent authority had sought for clarification from KUIDFC, communication has been made out to the respondent authority as per the letter dated 03.01.2020 in terms as noticed above. 7. Various other contentions are raised including that the contracts have a dispute resolution clause and accordingly, any dispute relating to the rates or as regards to the assertion of the petitioner that ..... X X X X Extracts X X X X X X X X Extracts X X X X
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