Page 165 - GSTL_13th August 2020_Vol 39_Part 2

2020 ] IN RE : GVS PROJECTS PVT. LTD. 251
(i) land, building or any other civil structures;
(ii) telecommunication towers; and
(iii) pipelines laid outside the factory premises
Rule 38. Claim of credit by a banking company or a financial insti-
tution. - A banking company or a financial institution, including a non-
banking financial company, engaged in the supply of services by way of ac-
cepting deposits or extending loans or advances that chooses not to comply
with the provisions of sub-section (2) of section 17, in accordance with the
option permitted under sub-section (4) of that section, shall follow the fol-
lowing procedure, namely :-
(a) the said company or institution shall not avail the credit of, -
(i) the tax paid on inputs and input services that are used
for non-business purposes; and
(ii) the credit attributable to the supplies specified in sub-
section (5) of section 17, in FORM GSTR-2;
(b) the said company or institution shall avail the credit of tax
paid on inputs and input services referred to in the second
proviso to sub-section (4) of section 17 and not covered under
clause (a);
(c) fifty per cent. of the remaining amount of input tax shall be
the input tax credit admissible to the company or the institu-
tion and shall be furnished in FORM GSTR-2;
(d) the amount referred to in clauses (b) and (c) shall, subject to
the provisions of sections 41, 42 and 43, be credited to the elec-
tronic credit ledger of the said company or the institution.
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dsUnzh;/fcgkj lsokdj fu;ekoyh] 2017 ds fu;e 38 esa of.kZr gS] tks Lor: Li"V gSA
vr: ;fn cSafdx dEiuh }kjk dsUnzh;/fcgkj lsokdj fu;ekoyh] 2017 ds fu;e
38 esa fn, x, izfØ;k ,oa 'kÙkksZ dk v{kj’k: ikyu fd;k tkrk gS rks muds }kjk
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2020 (39) G.S.T.L. 251 (A.A.R. - GST - A.P.)
BEFORE THE AUTHORITY FOR ADVANCE RULING UNDER GST,
ANDHRA PRADESH
S/Shri D. Ramesh, Member (State Tax) and M. Sreekanth,
Member (Central Tax)
IN RE : GVS PROJECTS PVT. LTD.

AAR No. 33/AP/GST/2019, dated 31-10-2019
Works contract - Applicant engaged in (1) Construction of indoor sub-
station with control room and all civil works; (2) Electrical Works; (3) provid-
ing bore well; (4) Erection of 33 KV line with 100 Sqmm AAA conductor (DC);
GST LAW TIMES  13th August 2020  165