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2020 (8) TMI 519 - AAR - GSTMaintainability of Application - scope of Advance Ruling - Input Tax Credit - no credit on the inputs lying in stock - no amount of ITC benefit to be passed on to the clients - HELD THAT:- The requirement of the passing over of the benefit of ITC on goods lying in stock as on the appointed date i.e: 01.07.2017 and in respect of the goods procured after the appointed date, which is outside the purview of the matters listed in sub-section (2) of Section 97 of the CGST/SGST Act, 2017 - Hence, no advance ruling can be issued by this authority in respect of the questions raised in this application.
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