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TaxReply India Pvt Ltd

M/S. MAARQ SPACES PRIVATE LIMITED
(Authority for Advance Ruling, Karnataka)

Hon'ble Judges:

HARISH DHARNIA
RAVI PRASAD M.P
Pet. Counsel
Sanjay Dhariwal
Res. Counsel
Na

Petitioner / Applicant

M/S. MAARQ SPACES PRIVATE LIMITED

Respondent NA
Court

AAR (Authority for Advance Ruling)

State

Karnataka

Date Sep 30, 2019
Order No.

KAR ADRG 119/2019

Citation

2019(9) TAXREPLY 1061

Original Order
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ORDER

ORDER UNDER SECTION 98(4) OF THE CENTRAL GOODS AND SERVICES TAX ACT, 2017 AND UNDER SECTION 98(4) OF THE KARNATAKA GOODS AND SERVICES TAX ACT, 2017 1. M/s. Maarq Spaces Pvt. Ltd., (hereafter referred as Applicant) Unit No.409, Prestige Center Point, Cunningham Road, Bengaluru -560052, having GSTIN number 29AAGCC1998Q1ZO filed an application for Advance Ruling under Section 97 of the CGST Act,2017 and Section 97 of the KGST Act, 2017 in FORM GST ARA-01 discharging the fee of ₹ 5,000/- each under the CGST Act 2017 and the KGST Act 2017. 2. The Applicant is a Private limited Company, registered under the Goods and Services Act, 2017, engaged in the business of property development. The Applicant submitted that he has entered into a Joint Development Agreement on 08/ 11/2017 with Landowners for development of land into residential layout along with specifications and amenities. The consideration was agreed on revenue sharing basis in the ratio of 75% for Landowner and Agreemen....

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