Goodwill Auto’s ., In re
Date: July 30, 2021
Subject Matter
Cost of the diesel incurred for running DG Set in the course of providing DG Rental Service is includable in the transaction value
Summary
Q. GST applicability of cost of the diesel incurred for running DG Set in the course of providing DG Rental Service? A. The contract entered between the applicant and the recipient is for the hiring of DG Set and is a comprehensive contract wit…
5. The applicant furnishes some facts relevant to the issue: 5.1 The Applicant is a partnership firm registered under the Goods and Services Tax Act, 2017 and is engaged in the business of leasing of DG Set to customers like LIC of India, Syndicate Bank, and SBI in various districts of Karnataka. 5.2 Further, the applicant has entered into agreement with Life Insurance Corporation of India (LIC),…