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2024 (2) TMI 1056 - AUTHORITY FOR ADVANCE RULING, ANDHRA PRADESHClassification of supply - composite supply or not - Carbon credit trading - Support services to agriculture, forestry, fishing, animal husbandry as provided in the Sl. No. 24 of Notification 11/2017-Central Tax (Rate) dated June 28, 2017 (as amended time to time) having SAC code 9986 - whether taxable rate applicable would be NIL in term no. 24 of Notification 11/2017-Central Tax (Rate) dated June 28, 2017? - HELD THAT:- The appellant's role in carbon credit trading is a complicated legal situation. Resolving this matter requires careful use of legal principles, taking into account all the details of what the appellant is doing within the broader legal and regulatory context resulting in outcome of them not getting the exemption under support services. This legislative interpretation underscores the importance of ascertaining the specific characteristics and nature of carbon credits to determine their GST status accurately. It is pertinent to note that the services said to have been undertaken by the appellant are nowhere in tune with the agricultural support services and are mostly independent activities. The worker or activities undertaken by the appellant as per agreement viz., project during doesn’t fall under the support services to agriculture under SI. No.2 4 of Heading 9986 of Notification No. 11/2017-Central Tax(Rate), dated 28th June, 2017.
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