AAAR: Reverses AAR, disallows exemption on commission earned on cut-flower auctioning

Karnataka AAAR sets-aside order of AAR, holds that commission earned from auctioning of high-quality cut-flowers is not eligible for exemption as ‘Agricultural Produce Marketing service’ under Entry 54 (g) of Notification No. 12/2017- Central Tax (Rate) dated June 28, 2017; Notes that Respondent-company provides a forum wherein the flowers and other floriculture produce are bought and sold by members through the auction process and a ‘dutch auction’ system is dep...