Sponsored
    Follow Us:

Case Law Details

Case Name : In re Geekay Wires Limited (GST AAR Telangana)
Appeal Number : TSAAR Order No.15/2023
Date of Judgement/Order : 02/09/2023
Related Assessment Year :
Become a Premium member to Download. If you are already a Premium member, Login here to access.
Sponsored

In re Geekay Wires Limited (GST AAR Telangana)

The GST AAR Telangana has recently addressed key questions raised by M/s. Geekay Wires Limited regarding the eligibility of input tax credit (ITC) in situations involving destroyed raw materials and finished goods. T

Please become a Premium member. If you are already a Premium member, login here to access the full content.

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

One Comment

  1. haribabu says:

    In all the cases, ITC is required to be reversed, as per Advance Ruling. There were CESTAT judgements, wherein it was held that once the inputs are used in the process and finished goods were destroyed thereafter, there is no need for reversal of CENVAT credit.

    The advance ruling is contradictory to CESTAT judgements. Better not to opt for advance rulings.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Sponsored
Search Post by Date
October 2024
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28293031