Concessional GST rate of 12% on composite supply of works contract to be applied prospectively

In re Dee Vee Projects limited (GST AAR Chhattisgarh) The AAR, Chhattisgarh in the matter of M/s Dee Vee Projects Limited [Advance Ruling No. STC/AAR/03/2020/41 dated October 8, 2020] has ruled that the Notification amending the tax rate from 18% to 12% on Composite Supply of Works Contract can only be applied prospectively, if an enactment does not expressly provides that it should be deemed to have come into effect form a past date. Facts: M/s Dee Vee Projects Limited (“the Applicant”) is in the business of works contract by way of construction, erection, commissioning, installation, com...