Geekay Wires Limited ., In re
Date: February 19, 2025
Subject Matter
ITC is required to be reversed even when the destroyed finished goods can be sold as steel scrap in the open market. AAR ruling upheld.
Summary
In the case at hand, M/s. Geekay Wires Limited filed an appeal against an advance ruling by the Telangana State Authority for Advance Ruling regarding the eligibility of input tax credit (ITC) on raw materials used in manufacturing Steel Nails that w…
FULL TEXT OF THE ORDER OF APPELLATE AUTHORITY OF ADVANCE RULING, TELANGANA 1. In terms of Section 102 of the Telangana Goods and Services Tax Act, 2017 (TGST Act, 2017 or the Act), this Order may be amended by the Appellate Authority so as to rectify any error apparent on the face of the record, if such error is noticed by the Appellate Authority on its own accord, or is brought to its notice by t…