TaxTMI 
TaxTMI 
2020 (7) TMI 478
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....ौक, बिहार, मुजफ्फरपुर-842001 अग्रिम विनिर्णय केस संख्या (मैनुअल) ----- AR(B)-04/2019-20 अग्रिम विनिर्णय ID ----- AD100220013399R उपस्थित 1. श्री धर्मजीत कुमार, अपर आयुक्त, केन्द्रीय माल एवं स....
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....;्री राजेश कुमार खेतान, चार्टड एकाऊंटेंट फीस का भुगतान CGST Rs. 5000/- Dated. 16.03.2020 (DRC-03 के माध्यम से) एवं SGST Rs. 5000/- Dated. 12.02.2020 Total- Rs. 10,000/- केन्द्रीय माल और सेवाकर अधिनियम, 2017 तथा बिहार माल और सेवाकर अधिनियम, 2017 की धारा 98 की उपधारा (4) के अधीन आदेश 1. आवेदक एक बैंक....
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....um is being availed by the applicant in a taxable period, as it is statutorily required for the bank to obtain insurance of deposit, which has only been accepted by it in the course of its business or furtherance of business. 3. आवेदक के आवेदन से स्पष्ट है कि आवेदक द्वारा CGST/SGST Act, 2017 की धारा 17 (4) में दिए गए Option के अनुसार प्रतिमाह उपलब्ध ITC का 50 प्रतिशत का उपयोग किया जाता है एवं इस अग्रिम विनिर्णय आवेदन में उनके....
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....r debit note issued by a supplier registered under this Act, or such other tax paying documents as may be prescribed; (b) he has received the goods or services or both. Explanation. For the purposes of this clause, it shall be deemed that the registered person has received the goods or, as the case may be, services- (i) where the goods are delivered by the supplier to a recipient or any other person on the direction of such registered person, whether acting as an agent or otherwise, before or during movement of goods, either by way of transfer of documents of title to goods or otherwise; (ii) where the services are provided by the supplier to any person on the direction of and on account of such registered person.] (c) subject to the provisions of section 41, the tax charged in respect of such supply has been actually paid to the Government, either in cash or through utilisation of input tax credit admissible in respect of the said supply; and (d) he has furnished the return under section 39: Provided that where the goods against an invoice are received in lots or installments, the registered person shall be entitled to take ....
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....siness. (2) Where the goods or services or both are used by the registered person partly for effecting taxable supplies including zero-rated supplies under this Act or under the Integrated Goods and Services Tax Act and partly for effecting exempt supplies under the said Acts, the amount of credit shall be restricted to so much of the input tax as is attributable to the said taxable supplies including zero-rated supplies. (3) The value of exempt supply under sub-section (2) shall be such as may be prescribed, and shall include supplies on which the recipient is liable to pay tax on reverse charge basis, transactions in securities, sale of land and, subject to clause (b) of paragraph 5 of Schedule II, sale of building. [Explanation:- For the purposes of this sub-section, the expression "value of exempt supply" shall not include the value of activities or transactions specified in Schedule III, except those specified in paragraph 5 of the said schedule.] (4) A banking company or a financial institution including a non-banking financial company, engaged in supplying services by way of accepting deposits, extending loans or advances shall have the option to either com....
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....enting or hiring of motor vehicles, vessels or aircraft referred to in clause (a) or clause (aa) except when used for the purposes specified therein, life insurance and health insurance; Provided that the input tax credit in respect of such goods or services or both shall be available where an inward supply of such goods or services or both is used by a registered person for making an outward taxable supply of the same category of goods or services or both or as an element of a taxable composite or mixed supply; (ii) membership of a club, health and fitness centre; and (iii) travel benefits extended to employees on vacation such as leave or home travel concession; Provide that the input tax credit in respect of such goods or services or both shall be available, where it is obligatory for an employer to provide the same to its employees under any law for the time being in force.] (c) works contract services when supplied for construction of an immovable property (other than plant and machinery) except where it is an input service for further supply of works contract service; (d) goods or services or both received by a taxable person fo....
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.... proviso to sub-section (4) of section 17 and not covered under clause (a); (c) fifty per cent. of the remaining amount of input tax shall be the input tax credit admissible to the company or the institution and shall be furnished in FORM GSTR-2; (d) the amount referred to in clauses (b) and (c) shall, subject to the provisions of sections 41, 42 and 43, be credited to the electronic credit ledger of the said company or the institution. अग्रिम विनिर्णयः- बैंकिग कम्पनी द्वारा केन्द्रीय / बिहार सेवा कर अधिनियम, 2017 की धारा 17(4) के अंतर्गत दिए गए Option को अपनाने हेतु वांछित प....
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....bsp; ह०/ सदस्य, सदस्य, बिहार अग्रिम विनिर्णय प्राधिकरण, बिहार....
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....;पलेक्स, 1, कलामबाग चौक, बिहार, मुजफ्फरपुर-842001 को सूचनार्थ एवं आवश्यक कार्रवाई हेतु प्रेषित । (धर्मजीत कुमार) (अशोक कुमार झा) सदस्ë....