https://www.taxtmi.com/caselaws?id=440300 Kerala AAR ruled that book adjustments between different GSTINs of the same company for settling mutual debts constitute valid consideration payment, satisfying Section 16(4) CGST Act requirements for ITC eligibility. Such adjustments do not create supply between GSTINs under Section 7. However, in franchisee arrangements where old gold is supplied to applicant and distinct person supplies new gold ornaments to franchisee on applicant's behalf, two separate taxable supplies arise attracting GST liability under CGST and IGST Acts. en-us Mon, 03 Apr 2023 00:00:00 +0530 Fri, 18 Apr 2025 11:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440300 Kerala AAR ruled that book adjustments between different GSTINs of the same company for settling mutual debts constitute valid consideration payment, satisfying Section 16(4) CGST Act requirements for ITC eligibility. Such adjustments do not create supply between GSTINs under Section 7. However, in franchisee arrangements where old gold is supplied to applicant and distinct person supplies new gold ornaments to franchisee on applicant's behalf, two separate taxable supplies arise attracting GST liability under CGST and IGST Acts. Case-Laws GST Mon, 03 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440300