by Mr. Vikash Agarwal
An ongoing, interesting and an entirely factual dispute generally when the individual supplies are taxed at different rates.
The Hon’ble ECJ recently held that the auction of pledged goods (provided as collateral security by the borrower) is a supply not ancillary to the supply of granting loans, reasons being;
🏷 Irrelevant as to who organises the auction, the lender or any 3rd party
🏷 auction necessitates only when the default transpires into recovery
🏷 auction is not a means for the borrower to enjoy the loan but an end to it
📌 📌 Illustrative list of transactions that needs examination of the ruling;
🏷 Contingent reimbursements
🏷 Inter-related transactions involving multiple parties
🏷 Single integrated contract for different supplies
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