Updated: May 17
HIGHLIGHTS: Where Supply of LED Lights are primarily in nature along with Maintenance of Street Lighting Services under the Energy Performance Contract is a Composite Supply which attracts 12% GST in terms of Serial No. 226 of Schedule II of Notification No. 1/2017 - Central Tax (Rate), dated 28-06-2017, as amended, as the impugned supply is not that of pure services.
Other Highlights: The time of Supply is the date of Invoice and the consideration is equal to the value of the Invoice, the GST rate being 12%
The Detailed Karnataka Advance Ruling Agreement, Please click here:
Source: Karnataka AAR Official Site