What shall be the time for raising GST Invoices for Capital Subsidy and Annuity Fee?

Last updated: 19 March 2021

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Quick Summary

This advance ruling clarifies the Goods and Services Tax (GST) implications for M/s Surya Roshni LED Lighting Projects Limited concerning capital subsidies and annuity fees received from the Odisha Government. The ruling addresses whether capital subsidies are subject to GST and, if so, at what rate. It also specifies the GST rate for the remaining 10% of project capital expenditure and the O&M fees paid as an annuity over seven years. Crucially, it defines the correct timing for issuing GST invoices for these payments.

Court :
Odisha AAR

Brief :
M/s Surya Roshni LED Lighting Projects Limited, Plot No.111/762, Mouza-Rudrapur, P.O-Pahal, Opp. Highway Honda Showroom, NH-5, Bhubaneswar-752101 (herein after referred to as the Applicant') having a GSTIN 21ABBCS4607C1zo, isa company filed an application for Advance Ruling under Section 97 of CGST Act, 2017 and Section 97 of the OGST Act, 2017 in FORM GST ARA-01 discharging the fee of Rs. 5,000/- each under the CGST Act and the SGST Act.

Citation :
ORDER NO.05/0DISHA-AAR/2020-21/DATED

Daily Limit Reached