Unutilized ITC of Compensation Cess – Retention or Reversal – AAR cannot give ruling

In re National Aluminium Comapany Ltd. (GST AAR Odisha) Introduction: M/s National Aluminum Company Ltd. (hereinafter referred to as the ‘Applicant’) sought an advance ruling under Section 97 of the CGST Act, 2017, and Section 97 of the OGST Act, 2017. The primary question raised was whether the Compensation Cess paid on the purchase of coal, remaining as unutilized Input Tax Credit (ITC) in the electronic credit ledger, continues to be available or if the Applicant is required to reverse the same. Background: The Applicant, engaged in the manufacture and supply of aluminum metal a...