Aeon Financial Consulting LLP GST AAR Case Withdrawn

In re Aeon Financial Consulting LLP (GST AAR Tamilnadu) Aeon Financial Consulting LLP, a Chennai-based company, applied for an Advance Ruling (AR) under the Goods and Services Tax (GST) Act, seeking clarity on three key issues related to their leasing business. The company intended to lease consumer durables, motor vehicles, mobile phones, and electronic equipment for periods ranging from 6 months to 2 years. The main queries involved whether such leasing constitutes a “continuous supply of services” under GST, whether the total contract price should be treated as the transaction v...