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 acq

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