The present application has been filed under Section 97 of the Central Goods and Services Tax Act, 2017 and the Maharashtra Goods and Services Tax Act, 2017 [hereinafter referred to as ‘the CGST Act and MGST Act’ respectively] by M/s. Citi Buildcon Private Limited, the applicant, seeking an advance ruling in respect of the following questions.
1) The applicability of notification dated 25.01.2018 about Development agreement and 05.03.2018 about joint venture agreement?
2) Whether the landowner/developer will have to pay GST on revenue sharing agreement?
3) if the answer of question 2 is yes and then what will be value of supply under GST, at what rate GST will be payable and when will the GST will be payable?
Applicant filed online application and Advance Ruling office requested via email for hard copy of their application in four sets. Heard the case on 17.05.2022. The applicant requested via email dated 18.05.2022 that they may be allowed to voluntarily withdraw their subject application filed on 20.12.2018.
The request of the applicant to withdraw their application voluntarily and unconditionally is hereby allowed, without going into the merits or detailed facts of the case.
(Under section 98 of the Central Goods and Services Tax Act, 2017 and the Maharashtra Goods and Services Tax Act, 2017)
The Application in GST ARA Form No. 01 of M/s Citi Buildcon Private Limited, vide reference Online ARA Application Dated 20.12.2018 is disposed of, as being withdrawn voluntarily and unconditionally.