https://www.taxtmi.com/caselaws?id=406445 The Authority for Advance Ruling (AAR) ruled that the applicant could not use the Input Tax Credit (ITC) balance earned on inputs/raw materials for bullion supply to discharge GST liability on Castor oil seeds, citing a lack of nexus between the inputs and final product as required by the CGST Act. The ruling emphasized that ITC can only be claimed if the inputs are used in the course or furtherance of the business, which was not established in this case. en-us Wed, 27 Jan 2021 00:00:00 +0530 Tue, 25 Mar 2025 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406445 The Authority for Advance Ruling (AAR) ruled that the applicant could not use the Input Tax Credit (ITC) balance earned on inputs/raw materials for bullion supply to discharge GST liability on Castor oil seeds, citing a lack of nexus between the inputs and final product as required by the CGST Act. The ruling emphasized that ITC can only be claimed if the inputs are used in the course or furtherance of the business, which was not established in this case. Case-Laws GST Wed, 27 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406445