GST Act, 2017 – Advance Ruling U/s 98 – whether the sale of ‘demo cars’ will fall under Rule 32(5) of the GST Rule – Also known as Margin Scheme- Request for withdrawal of application – Orders issued
FULL TEXT OF ADVANCE RULING
1. M/s. Popular Motor World (P) Ltd., Ernakulam,a company dealing in Motor vehicles and one of the authorised dealers for Hyundai motor cars for the State of Kerala, had preferred an application for Advance Ruling as to whether the sale of ‘demo cars’ will fall under Rule 32(5) of the GST Rules, 2017. Later, vide reference cited at (2) above, the applicant seeks permission to withdraw the above application.
2. In the light of the aforesaid circumstances, we rule as under.
The application seeking Advance Ruling is hereby dismissed as withdrawn.