Case Law Details
In re New Rajamandri Electronics (GST AAR Karnataka)
We examine the records and observe that the instant application has been filed online on 24.09.2021 and the question raised therein is about the applicability of GST on the free security deposit. The audit objection raised in the audit report also pertains to the applicability of GST on the security deposit which has been declared by the taxpayer as NIL rated GST turnover in the GSTR 3B filed by him.
The issue raised in the instant application and the audit objection raised in the audit report are one and the same i.e., applicability of GST on security deposit. Thus first proviso to Section 98(2) of the CGST Act 2017 is squarely applicable to the instant case, as all the conditions therein are fulfilled.
In view of the above AAR rejected the application as “inadmissible”, in terms of first proviso to Section 98(2) of the CGST Act 2017.
FULL TEXT OF THE ORDER OF AUTHORITY FOR ADVANCE RULING, KARNATAKA
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