GST Liability: ITC Balance on Bullion Inputs Cannot Offset GST on Castor Oil Seeds from Agriculturists.

GST Liability: ITC Balance on Bullion Inputs Cannot Offset GST on Castor Oil Seeds from Agriculturists. https://www.taxtmi.com/highlights?id=57604 Utilisation of Input Tax Credit - The applicant cannot use the 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 Oil Seed’ which were procured from Agriculturists and subsequently meant for onward supply. - AAR en-us Wed, 14 Apr 2021 15:06:26 +0530 Wed, 14 Apr 2021 15:06:26 +0530 TaxTMI RSS Generator GST Liability: ITC Balance on Bullion Inputs Cannot Offset GST on Castor Oil Seeds from Agriculturists. https://www.taxtmi.com/highlights?id=57604 Utilisation of Input Tax Credit - The applicant cannot use the 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 Oil Seed’ which were procured from Agriculturists and subsequently meant for onward supply. - AAR Highlights GST Wed, 14 Apr 2021 15:06:26 +0530 https://www.taxtmi.com/highlights?id=57604