Case Law Details
In re Ms Geojit Financial Services Ltd. (GST AAAR Kerala)
The Computers, Laptops etc. used for providing output service would not qualify as inputs, though they are physically available as on 30th June, 2017, for the purpose of availing transitional ITC input tax credit of the VAT paid during the pre-GST period, under Section 140 of the KSGST Act, 2017
Also Read AAR Ruling – Transitional ITC not eligible on Computers, laptops etc. : AAR
FULL TEXT OF ORDER OF APPELLATE AUTHORITY OF ADVANCE RULING KERALA
M/S. Geojit Financial Services Limited (hereinafter referred as the appellant) is a public limited company having its registered office at Kochi. They are engaged in the activity of providing various retail financial services like stock broking, share broking, marketing of initial public offering of companies and mutual funds, corporate advisory services etc., which were not taxable under VAT Law.
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