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The Maharashtra Authority of Advance Ruling (“AAR”) in Re: MH Ecolife E-Mobility Pvt. Ltd. (Advance Ruling No. 60/2020-21/B-116 dated December 22, 2021) held that services by way of supplying, operating, and maintaining air-conditioned electrically operated buses would be chargeable @ 12% with Input Tax Credit (“ITC”) and @ 5% without ITC.
Facts:
MH Ecolife E-Mobility Pvt. Ltd., Maharashtra (“the Applicant”) and Navi Mumbai Transport Undertaking (“NMMT”) have entered into an Operator Agreement dated February 25, 2020 (“the Agreement”) wherein the Applicant was responsible for the following:
And, NMMT or a third party appointed by NMMT, was responsible to collect appropriate fare from the passengers.
Issues:
Held:
The Maharashtra AAR in Advance Ruling No. 60/2020-21/B-116 dated December 22, 2021 held as under:
(Author can be reached at info@a2ztaxcorp.com)
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