Application withdrawn voluntarily and unconditionally.
Advance ruling— section 98 of CGST Act— The present application has been filed seeking an advance ruling in respect of the following questions.
1. Whether receipt of prize money from horse race conducting entities in the event horse owned by the applicant wins the race would amount to ‘supply under section 7 of the Central Goods and Service Tax Act, 2017 or not and consequently, liable to GST or not?
2. Whether the applicant is required to reverse the input tax credit availed on the GST paid on inputs?
The applicant has requested that they may be allowed to voluntarily withdraw their subject application.
Held that— The Application is disposed of, as being withdrawn voluntarily and unconditionally.
Application withdrawn voluntarily and unconditionally.
Advance ruling— section 98 of CGST Act— The present application has been filed seeking an advance ruling in respect of the following questions.
1. Whether receipt of prize money from horse race conducting entities in the event horse owned by the applicant wins the race would amount to ‘supply under section 7 of the Central Goods and Service Tax Act, 2017 or not and consequently, liable to GST or not?
2. Whether the applicant is required to reverse the input tax credit availed on the GST paid on inputs?
The applicant has requested that they may be allowed to voluntarily withdraw their subject application.
Held that— The Application is disposed of, as being withdrawn voluntarily and unconditionally.