Transitional ITC not eligible on Computers, laptops etc. : AAR

In re M/s. Geojith Financial Services Ltd. (GST AAR Kerala) Computers, laptops etc. used for providing output service would not qualify as inputs for the purpose of availing transitional ITC u/s 140(2) / 140(3) of KSGST Act. These goods are not eligible for ITC for the VAT period. Also Read AAAR Ruling – Transitional ITC not eligible on Computers, Laptops etc. FULL TEXT OF ORDER OF AUTHORITY OF ADVANCE RULING, KERALA The applicant is engaged in providing various retail financial services like stock broking, share broking, marketing of initial public offering of companies and mutual fund...