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Admissibility of ITC on Government Payments via Book Adjustment
Case Law Details
- Case Name
- In re Malabar Gold Private Limited (GST AAR Kerala)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- AAR Kerala, Advance Rulings
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In re Malabar Gold Private Limited (GST AAR Kerala)
Question 1. Whether net off of receivables of one GSTIN by another GSTIN of the same company or net-off of receivables with payables of supplier of goods/service would amount to payment to the vendor meeting the compliance requirements of Section 16(4) of CGST Act, 2017.
Ruling: Yes, The Applicant can pay the consideration for inward supplies by way of net off of receivables of one GSTIN by another GSTIN of the same company, or net-off of receivables with payables of supplier of goods/service. The input tax credit is admissible when consider...
