ITC of IGST Paid on Iron Ore Import eligible but No Refund for Unutilized ITC on Exported Services

In re Chowgule and Company Private Limited (GST AAAR Goa) In the case of “In re Chowgule and Company Private Limited,” the GST Appellate Authority for Advance Ruling (AAAR) Goa rendered a decision under Section 101 of the Central Goods and Services Tax Act, 2017 and the Goa Goods and Services Tax Act, 2017. The ruling addresses critical issues regarding the applicability of Integrated Goods and Services Tax (IGST) on imported iron ore, the eligibility for input tax credit (ITC), and the refund of unutilized ITC on the export of services. Background of the Case M/s Chowgule and Comp...