Application dismissed as withdrawn.
Advance Ruling— section 98 of CGST Act—In the instant case, question raised before the authority is as follows—
If transfer of Block Interest qualifies as a slump sale under the Income Tax Act, 1961, whether exemption from GST levy can be claimed on the same by the applicant.
The plea made by the applicant before this authority in his letter dated: 16.03.2020 claiming that the payment of taxes on the transaction sought under the ruling had already been made in the month of February and they no longer find any necessity to obtain clarification or ruling in the same matter. While considering the request of the applicant for ‘withdrawal of the application, positively, this authority passed the following order with a direction that fees already paid shall not be refunded and the same stands as forfeited.
Held that— Since the applicant withdrew the application, we find no reason to go into the merits of the case and it is dismissed as withdrawn and therefore no Ruling is given.
Application dismissed as withdrawn.
Advance Ruling— section 98 of CGST Act—In the instant case, question raised before the authority is as follows—
If transfer of Block Interest qualifies as a slump sale under the Income Tax Act, 1961, whether exemption from GST levy can be claimed on the same by the applicant.
The plea made by the applicant before this authority in his letter dated: 16.03.2020 claiming that the payment of taxes on the transaction sought under the ruling had already been made in the month of February and they no longer find any necessity to obtain clarification or ruling in the same matter. While considering the request of the applicant for ‘withdrawal of the application, positively, this authority passed the following order with a direction that fees already paid shall not be refunded and the same stands as forfeited.
Held that— Since the applicant withdrew the application, we find no reason to go into the merits of the case and it is dismissed as withdrawn and therefore no Ruling is given.