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TMI Blog2022 (3) TMI 1364X X X X Extracts X X X X X X X X Extracts X X X X ..... ER SECTION 98(4) OF THE CENTRAL GOODS AND SERVICES TAX ACT, 2017 AND UNDER SECTION 98(4) OF THE TEALANGANA GOODS AND SERVICES TAX ACT, 2017.] ****** 1. M/s. Hyderabad Metropolitan Water Supply And Sewerage Board 1, 4, HMWSSB Buildings, Finance Wing, 1, Khairatabad, Hyderabad, Telangana, 500 004 (36AAALH0186J1Z3) has filed an application in FORM GST ARA-01 under Section 97(1) of TGST Act, 2017 re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ction to the admission of the application. The application is therefore, admitted 4. Brief facts of the case: The applicant M/s. Hyderabad Metropolitan Water Supply and Sewerage Board is making payments to the contractors in equated yearly installment manner where in such equated yearly installment consists of both principal amount and interest on such delayed payment. The applicant is desirous ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ir averments in the application submitted and averred as follows: 1. That they are making payments to supplier of works contract services in a staggered manner over period of (7) years. They are also making payment of interest to the supplier of service on this spread over payments. 2. They are desirous of ascertaining whether the interest forms part of taxable value. 7. Discussion & Findings ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... aluation rules discussed above. Therefore no separate classification exists.
2. Applicability of Entry No. 3 of the Notification Number 12/2017 - Central Tax (Rate), dt: 28th June, 2017 for payment of interest included in Equated Yearly Installments under Annuities Model, being payment of interest is a Pure Service?
In view of the above discussion, the question does not arise. X X X X Extracts X X X X X X X X Extracts X X X X
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