MCM Pacific PTE Ltd: GST AAR Ruling on Zero-Rated Supply for Export

In re MCM Pacific PTE Ltd (GST AAR Andhra Pradesh) Authority for Advance Ruling (AAR) in Andhra Pradesh addressed a query from M/s. MCM Pacific PTE Ltd, a Singapore-based company, regarding the tax implications of purchasing assets from an Indian company, M/s. Lanco Kondapalli Power Ltd, which is undergoing liquidation. MCM Pacific sought clarification on whether the transaction would qualify as a zero-rated supply under Section 16 of the Integrated Goods and Services Tax (IGST) Act, allowing the export of goods without the payment of GST. MCM Pacific is acquiring assets from Lanco Kondapalli ...