Case Law Details
In re Fortune Agro Impex (GST AAR Karnataka)
The case of Fortune Agro Impex before the Authority for Advance Ruling (AAR), Karnataka, revolves around the applicability of GST on subsidies to farmers. This application under Section 97 of the CGST Act, 2017 sought clarity on whether GST is chargeable on subsidies availed from the Central and State Governments.
Fortune Agro Impex, engaged in trading agricultural machinery and implements, faced a crucial question concerning GST implications. Despite their initial application, the company decided to withdraw their query before the AAR. This withdrawal signifies their internal resolution or potentially reconsidering the implications of GST on their business operations.
In conclusion, the ruling on Fortune Agro Impex’s application for advance ruling is dismissed as withdrawn.
FULL TEXT OF THE ORDER OF AUTHORITY FOR ADVANCE RULING, KARNATAKA
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