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2019 (3) TMI 593 - AUTHORITY FOR ADVANCE RULING, MAHARASHTRAMaintainability of Advance Ruling application - Levy of GST - Merchant Discount Rate received by the issuing Bank as 'Interchange Fee' - Held that:- Merchant Discount Rate is the rate charged by Acquiring bank from Merchant on every card transaction. This MDR is as per agreement between Acquiring Bank and Merchant Establishment. From a perusal of transaction it is clear that applicant is neither a supplier nor a recipient and the questions raised is not in relation to the supply of goods or services or both, being undertaken or proposed to be undertaken by the applicant and as such by virtue of section 95 the applicant cannot make an application before this authority. Why different practice prevails by the Network in the industry? - Held that:- The question is not on matters or questions specified in Section 97(2) of the Act and as such is inadmissible under section 97 (2) of the Act. The present application seeking ruling on questions stated hereinabove is not maintainable and liable for rejection.
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