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Transfer of going concern and transfer of input tax credit under GST allowed; exemption applies though interstate ledger transfers left to authorities...
Interactive flat panels (IFPDs) were characterised as monitors whose advanced ADP-type features are auxiliary, requiring tariff classification by basic intended use; consequently the product falls to be classified on its principal function, not ancillary computing capabilities. The appellate authority applied the essential use test to uphold the prior advance ruling and dismissed the appeal, with the operative effect that the prior classification and applicable GST treatment remain binding. The ruling reiterates that an advance ruling under Section 103 is binding only on the applicant and the concerned jurisdictional officer.
Interactive flat panels (IFPDs) were characterised as monitors whose advanced ADP-type features are auxiliary, requiring tariff classification by basic intended use; consequently the product falls to be classified on its principal function, not ancillary computing capabilities. The appellate authority applied the essential use test to uphold the prior advance ruling and dismissed the appeal, with the operative effect that the prior classification and applicable GST treatment remain binding. The ruling reiterates that an advance ruling under Section 103 is binding only on the applicant and the concerned jurisdictional officer.
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