Case Study
X is a mining engineer duly registered in the State of Maharashtra. He effects the following transactions in the month of March, 2020 and has filed bond/ LUT to claim benefits from zero-rated supplies. The facts are explained in following table and notes:
SI.No
Particulars
Value of supply
(a)
Services to the Joint Venture (JV)
12,00,000
(b)
Purchase of Machinery
6,00,000
(c)
Legal Expenses
1,00,000
(d)
Office Rent
2,00,000
(f)
Sale of petroleum silt to Maharashtra based SEZ Developer
6,80,000
(g)
Consideration from towards transfer of tenancy rights on which stamp duty paid
8,00,000
(h)
Payment of liquidated damages to the Government.
3,00,000
(j)
Sale of self-fabricated...
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