AAAR : No GST Leviable On Lease Of Buses To Public Transport Department

The Andhra Pradesh Bench of the Appellate Authority for Advance Ruling (AAAR), consisting of members Suresh Kishnani and Ravi Shankar Narayan, upheld the order of the Authority for Advance Ruling (AAR) holding that the lease of buses by the Andhra Pradesh State Road Transport Corporation (APSRTC) to the Public Transport Department (PTD) of the Government of Andhra Pradesh was exempt from GST. The Andhra Pradesh State Government took up the process of merging APSRTC with the State...

Liquidated Damages Recovered For Delay In Completion Of Project Attracts 18% GST, Rules Telegana AAR

The Telangana Authority for Advance Ruling (AAR), consisting of members B. Raghu Kiran and S.V. Kasi Visweswara Rao, ruled that liquidated damages recovered by Applicant for delay in commissioning under an agreement constitutes "supply" under the Goods and Service Tax (GST) law, attracting a levy of 9% GST under the Central Goods and Service Tax (CGST) and State Goods and Service Tax (SGST) Act each. The Applicant, engaged in production and distribution of electricity obtained from...