AAR Gujarat’s Judgement on ‘Financial Institution’ for the Purpose of Section 17(4) of the CGST Act and GGST Act

Case: National Dairy Development board. Dated: 20.2.2019

Query: Whether Applicant is considered as ‘Financial Institution’ for the purpose of section 17(4) of the CGSTAct and GGST Act.

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Ruling by AAR: M/s National Dairy Development Board (GSTIN 24AADCN2029C1Z5) is to be considered as “Financial Institution” for the purpose of section 17(4)of the Central Goods and Services Tax Act, 2017 and the Gujarat Goods and Services Tax Act, 2017.

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