TR-6 challan not eligible document for ITC availment: AAR Tamilnadu

In re Tvl. Becton Dickinson India Private Limited (GST AAR Tamilnadu) The Tamilnadu GST Authority for Advance Ruling (AAR), in the case of In re Tvl. Becton Dickinson India Private Limited, addressed key questions regarding the eligibility and time limits for availing Input Tax Credit (ITC) on Integrated Goods and Services Tax (IGST) paid on imported goods. The applicant, involved in importing medical equipment from related overseas companies, frequently made “true-up” adjustments to import prices based on Arm’s Length Price (ALP) principles, as per a Special Valuation Branch...