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2022 (5) TMI 692 - AAAR - GSTClassification of goods - rate of tax - works contract executed - composite supply or not - eligibility for concessional rate of GST under Sl. No.3 (vi) of notification 11/2017-CT (CR) dated 28.06.2017 - What is the effective date of applicability of 12% tax rate and whether this concessional rate shall be applicable prospectively or retrospectively - HELD THAT:- Unless a specific effective date is mentioned in a notification the date from which rate of tax is applicable is the date of issuance of such a notification. The notification No. 11/2017 CT(R) dated 28-06-2017 which prescribes the applicable tax rate of 12% on work contract service provided to IIT Bhubaneswar which is an educational institution is effective form the date of notification. The said notification being come into force with effect from 1st July 2017, we are of the view that the concessional rate of GST of 12% pertaining to the case of applicant is effective retrospectively.
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