1.(a) Under the Private Investors Guarantee (PEG)- 2008 scheme, there are two types of PEG warehouses namely
1. On lease only basis
2. On lease and service basis
In case of lease only basis, godowns have been built by the private investor and have been leased to the nodal agency which manages the storage, preservation and warehousing of the stocks of the FCI stored therein.
Whether this arrangement with private investor falls under the classification of 'Storage and Warehousing of Agricultural produce and rice and is therefore exempt from payment of GST?
(b) whether GST is exempt or is applicable on the private Entrepreneurs Godowns built under PEG-2008 scheme of the FCI and leased out to Nodal Agency (PUNGRAIN) on ‘Lease only basis' for the storage of FCI's food grain stocks (Wheat and Rice).