GST is applicable on the increased rents for past periods


Last updated: 24 September 2024

Court :
AAR, Tamil Nadu

Brief :
The Authority for Advance Ruling, Tamil Nadu, in the case of M/s. Metropolitan Transport Corporation, In Re [Ruling No. 12/ARA OF 2024 dated June 25, 2024], ruled that in pursuance of a contract entered into prior to appointed day, if, price of any goods or services or both is revised upwards on or after the appointed day, then, in case of such upward price revision, a registered person will issue a supplementary invoice or debit notes within 30 days from date of revision and such revision shall be treated as 'supply' under Central Goods and Services Tax Act, 2017 ("the CGST Act")Act. Hence, GST is payable.

Citation :
Ruling No. 12/ARA OF 2024 dated June 25, 2024

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Bimal Jain
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