Trading of Particulate Matter Permits Liable to GST at 12%: AAR Gujarat

In re Randhir Dyeing and Printing Mills (GST AAR Gujarat) Introduction and Issue at Hand M/s. Randhir Dyeing and Printing Mills, a partnership firm in Surat, sought an Advance Ruling from the Gujarat Authority for Advance Ruling (AAR) on the taxability of Particulate Matter (PM) Emission Permits traded under the Emission Trading Scheme (ETS-PM). The ETS-PM, mandated by the Gujarat Pollution Control Board (GPCB), is a “cap-and-trade” market-based policy designed to reduce industrial pollution. Under this mandatory scheme, GPCB sets a cap on total emissions and allocates tradable PM ...