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TMI Blog2021 (10) TMI 624X X X X Extracts X X X X X X X X Extracts X X X X ..... S AND SERVICES TAX ACT, 2017 AND UNDER SECTION 98(4) OF THE TEALANGANA GOODS AND SERVICES TAX ACT, 2017.] ****** 1. M/s. Honer Developer Private Limited, 17-2-1740, KSSP Warehouse, Sanath Nagar, Hyderabad - 500 018, Telangana State(36AAECI0856M1ZA) has filed an application in FORM GST ARA-01 under Section 97(1) of TGST Act, 2017 read with Rule 104 of CGST/TGST Rules. 2. At the outset, it is mad ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... erefore, admitted 4. Brief facts of the case: The applicant is in the business of construction and selling of residential flats. Their current project contains (760) flats of various dimensions and they intend to sell them in the market. They have informed that some of the customers are claiming that they are eligible for the benefit of PMAY scheme and hence insisting to pay a reduced rate of ta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eard the case. The Authorized representatives of the unit namely Sri M. Ramachandra Murthy, chartered accountant & authorized representative attended the personal hearing held on 09-07-2021. The authorized representatives reiterated their averments in the application. 7. Discussion & Findings: Government of India in Notification No. 01/2018 dated: 25.01.2018 has inserted the following entry in N ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the observations stated above, the following ruling is issued : Question Raised Advance Ruling Issued 1. Applicability of Notification No. 01/2018 of central tax (rate) dated: 25.01.2018 issued under the provisions of CGST Act, 2017 on amount received from the customers claiming the benefit of PMAY scheme. Yes the notification is applicable if the condition of credit linked subsidy scheme is a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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