Input Tax Credit on Blended Biofuel: AAR Rajasthan allows Application withdrawal

In re Yougesh Charan (GST AAR Rajasthan) Introduction: The article delves into the case of M/s Yougesh Charan, an unregistered individual seeking clarification on the availability of input tax credit for biofuel, fuel oil, or blended biofuel used in providing transportation services. The applicant intended to start a business of supplying transportation services and sought an advance ruling under Section 97(2)(a) of the CGST Act. Detailed Analysis: The applicant, Yougesh Charan, aimed to register under the CGST Act and RGST Act, with applicable service tax of 12% under the forward charge mecha...