Bayer Vapi P. Ltd ., In re
Date: August 23, 2023
Court: Authority for Advance Ruling
Bench: Gujarat
Type: Advance Ruling
Judge(s)/Member(s): Milind Kavatkar, Amit Mishra
Subject Matter
No ITC on leasehold rights paid for an industrial plot
Summary
The case involves an applicant seeking a ruling on the admissibility of Input Tax Credit (ITC) for leasehold rights paid for an industrial plot. The ruling states that land is not considered goods or services under the GST Act. ITC is also restricted…
FULL TEXT OF THE ORDER OF AUTHORITY FOR ADVANCE RULING, GUJARAT M/s. Bayer Vapi Private Ltd., Plot No. 306/3, 2nd Phase, GIDC Vapi, GIDC, Valsad, Gujarat 396195 is registered with the department and their GST registration number is 24AABCB2100L1ZA. 2. The applicant, is engaged in the manufacture of chemicals for agriculture & environmental health science applications which are mainly cla…