Case Law Details
In re Vividha Infrastructure Pvt. Ltd (GST AAR Punjab)
Whether amount received as interest free non-refundable maintenance deposit (IFMD) pursuant to common area maintenance services agreement executed by the applicant (Promoters) with the allottees of industrial plots sold is taxable under the GST Law.
FULL TEXT OF THE ORDER OF AUTHORITY FOR ADVANCE RULING,PUNJAB
1. M/s VIVIDHA INFRASTRUCTURE PVT. LTD., as detailed in the table above and hereinafter referred to as ‘applicants’, had submitted an application for advance ruling in form GST ARA-01 dated 20.07.2020 seeking to know “Whether amount received as interest free non-refundable maintenance deposit (IFMD) pursuant to common area maintenance services agreement executed by the applicant (Promoters) with the allottees of industrial plots sold is taxable under the GST Law.”
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