Aristo Bullion Pvt Ltd ., In re
- Court:
- Appellate Authority for Advance Ruling
- Bench:
- Gujarat
- Date:
- December 27, 2021
- Type:
- Advance Ruling
- Members:
- Seema Arora, Torawane
Subject
ITC cannot be denied merely on the ground that the inputs have no nexus with outward supply. AAR ruling set-aside.
Summary
Question: Can the applicant use Input Tax Credit Balance available in the Electronic Credit Ledger legimately earned on the inputs/raw-materials/inward supplies(meant for outward supply of Bullions) towards the GST liability on ‘Castor Oi…
Judgement
1. M/s. Aristo Bullion Pvt. Ltd., B/3, R. B. Chamber, Chanla Ole, Manek Chowk, Ahmedabad [hereinafter referred to as the ‘appellant’] has filed an appeal against the Advance Ruling dated 27.01.2021 passed by the Gujarat Authority of Advance Ruling [‘GAAR’], Goods and Service Tax, Ahmedabad. The only issue involved in this appeal is that whether the Input Tax Credit (‘…