ITC Admissibility for Goods Purchased from Outsourced Vendors via Book Adjustment

In re Paragon Polymer Products Private Limited (GST AAR Kerala)

In the case of Paragon Polymer Products Private Limited, the Authority for Advance Ruling (AAR) in Kerala addressed the admissibility of input tax credit (ITC) for goods purchased from outsourced vendors when the consideration is settled through book adjustment.

By examining the relevant provisions of the Central Goods and Services Tax Act, 2017, and analyzing the applicant’s contentions, the AAR evaluated the eligibilit

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