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J.M. CHEMICALS
(Authority for Advance Ruling, Gujrat)

Hon'ble Judges:

SANJAY SAXENA
ARUN RICHARD
Pet. Counsel
Darshan D. Jain
Res. Counsel
---

Petitioner / Applicant

J.M. CHEMICALS
Respondent NA
Court

AAR (Authority for Advance Ruling)

State

Gujrat

Date Oct 18, 2021
Order No.

GUJ/GAAR/R/55/2021

Citation

2021(10) TAXREPLY 5166
Original Order
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ORDER

M/s J M Chemicals, hereinafter referred to as ‘M/s JM’ for the sake of brevity, has purchased rights of the Industrial Plot situated at GIDC Panoli Industrial Estate bearing Plot No. 205/206/207/07 and admeasuring 2894.960 sq mts at Unit Price of ₹ 3706/-. The transferor M/s Ginni Filaments Ltd has charged GST @18% on the Sale of Transferring the Rights of the Industrial Plots by executing the deed of assignment dated 29.06.2020. M/s Ginni Filaments has developed the piece of Land with road, amenities and has made many plots in the said piece of Land. M/s. Ginni Filaments has done the conveyance of the said sub plots by deed of assignment of lease to its members. 2. The applicant submits that Long Term Lease premium is exempt from tax under Entry 41 of Notification No. 12/2017-Central Tax (Rate) dated 28.06.2017 issued under Section 11 of the GST Acts only in respect of grant of lease by State Government Industrial Development Corporations or Government entities. T....

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