Geojith Financial Services Ltd ., In re
- Court:
- Appellate Authority for Advance Ruling
- Bench:
- Kerala
- Date:
- December 14, 2018
- Type:
- Advance Ruling
Subject
Computers, laptops used for providing output service don’t qualify as inputs for availing of transitional ITC
Summary
1. The applicant is engaged in 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…
Judgement
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.…