Page 160 - GSTL_13th August 2020_Vol 39_Part 2

246 GST LAW TIMES [ Vol. 39
RULING
Question 1 : Whether the transaction of printing of content provided by
the customer, on Poly Vinyl Chloride banners and supply
of such printed trade advertisement material is supply of
goods?
Answer 1 : The supply of printed trade advertisement material is clas-
sified under Goods only as per Section 7 of CGST Act, 2017
read with Schedule-II, Sl. No. 1(a) of CGST Act, 2017.
Question 2 : What is the classification of such trade advertisement ma-
terial if the Transaction is a supply of goods?
Answer 2 : It is classifiable vide Notification No. 1/2017-Central Tax
(Rate), dated 28-6-2017 under Sl. No. 132 Chap-
ter/Heading/Sub-Heading/Tariff Item 4911 and attracts
tax rate of 12% (CGST 6% + SGST 6%).

_______

2020 (39) G.S.T.L. 246 (A.A.R. - GST - Bihar)
BEFORE THE AUTHORITY FOR ADVANCE RULING UNDER GST, BIHAR
S/Shri Dharmjeet Kumar, Member (Central Tax) and Ashok Kumar Jha,
Member (State Tax)
IN RE : UTTAR BIHAR GRAMIN BANK
Advance Ruling Case No. AR(B)-04/2019-20, dated 30-6-2020
Input Tax Credit - Banking company - Common input services for
Exempted and Taxable services - Applicant has stated that in terms of Section
17(4) of Central Goods and Services Tax Act, 2017/Bihar Goods and Services
Tax Act, 2017 they are availing 50% of ITC of GST paid on input services -
Conditions for opting for aforesaid provision are enumerated in Rule 38 of
Central Goods and Services Tax Rules, 2017/Bihar Goods and Services Tax
Rules, 2017 - Thus, if conditions contained in said Rule are followed, appli-
cant’s opting of Section 17(4) instead of Section 17(2) ibid is legally in order -
Rule 38 ibid - Section 17 of Central Goods and Services Tax Act, 2017/Bihar
Goods and Services Tax Act, 2017. [para 4]
Ruling in favour of assessee
REPRESENTED BY : Shri Rajesh Kumar Khetan, Chartered Accountant,
for the Assessee.
[Order]. - vkosnd ,d cSad gSA buds }kjk vfxze fofu.kZ; ds fy;s fn;s x,
vkosnu esa fuEufyf[kr iz’u mBk;k x;k gSa :-
(i) Applicant is engaged in the business of banking as a Regional Rural
Bank. It accepts deposit from its customers. It is statutorily require
to pay premium to Deposit Insurance and Credit Guarantee Corpo-
ration (In short “DICGC) on these deposits, on which GST is collect-
ed by the DICGC. Now the bank is availing and intends continue to
avail credit of GST paid, as prescribed under respective GST Acts,
GST LAW TIMES  13th August 2020  160