Case LawNO.GST-ARA-27/2017-18/B-36
BASF India Ltd., In re
- Court:
- Authority for Advance Ruling
- Bench:
- Maharashtra
- Date:
- May 21, 2018
- Type:
- Advance Ruling
- Members:
- B.V. BORHADE AND PANKAJ KUMAR
Subject
Reversal of ITC to the extent of High Sea Sales Turnover
SupplyInput Tax CreditLevyInterstate Supply
Summary
The Applicant will be purchasing the goods from its overseas related party situated abroad based on purchase order received from its customers. While the goods are in transit, the goods may be sold by the Applicant to its customers before the goods a…
Judgement
1. The present application has been filed under clause (xviii) of section 20 of the Integrated Goods and Services Tax Act, 2017 [hereinafter referred to as "the IGST Act"] read with section 97 of the Central Goods and Services Tax Act, 2017 and the Maharashtra Goods and Services Tax Act, 2017 [hereinafter referred to as "the CGST Act and MGST Act"] by BASF India Limited, the ap…