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RESERVE BANK OF INDIA
(Authority for Advance Ruling, Maharashtra)

Hon'ble Judges:

AJAYKUMAR V. BONDE
PRIYA JADHAV
Pet. Counsel
---
Res. Counsel
---

Petitioner / Applicant

RESERVE BANK OF INDIA
Respondent NA
Court

AAR (Authority for Advance Ruling)

State

Maharashtra

Date Jul 31, 2024
Order No.

GST-ARA-117 of 2022-23/2024-25/B-53

Citation

2024(7) TAXREPLY 10545
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ORDER

PROCEEDINGS (UNDER SECTION 98 OF THE CENTRAL GOODS AND SERVICES TAX ACT, 2017 AND THE MAHARASHTRA GOODS AND SERVICES TAX ACT, 2017) The present application has been filed under Section 97 of the Central Goods and Services Tax Act, 2017 and the Maharashtra Goods and Services Tax Act, 2017 [hereinafter referred to as “the CGST Act and MGST Act” respectively] by M/s. RESERVE BANK OF INDIA the applicant, seeking an advance ruling in respect of the following questions. 1. Whether the penalties, late fees/penal interest, fine of the nature, levied and collected by RBI, for contravention or violation of provisions of Law are taxable under GST (as illustrated under Category A in Para 7.4 of Annexure 1 attached to this application)? 2. Whether the penalty of the nature for non-performance or under-performance as per contractual agreement by RBI with third party vendors are taxable under GST? (as illustrated under Category B in Para 7.5 of Annexure 1 atta....

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