https://www.taxtmi.com/caselaws?id=450263 The AAR-TN held that an advance ruling application was not maintainable regarding a completed transaction involving transfer of SIPCOT's leasehold rights. The financial transactions were completed by 07.05.2022, before the application filing. The authority ruled that advance rulings are meant for future transactions to facilitate trade on ambiguous issues, not for completed transactions. As per Section 95(a) of CGST Act 2017, advance rulings cannot be sought for already completed transactions, and the authority declined to provide any ruling on taxability or classification issues. en-us Wed, 29 Nov 2023 00:00:00 +0530 Mon, 28 Apr 2025 17:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450263 The AAR-TN held that an advance ruling application was not maintainable regarding a completed transaction involving transfer of SIPCOT's leasehold rights. The financial transactions were completed by 07.05.2022, before the application filing. The authority ruled that advance rulings are meant for future transactions to facilitate trade on ambiguous issues, not for completed transactions. As per Section 95(a) of CGST Act 2017, advance rulings cannot be sought for already completed transactions, and the authority declined to provide any ruling on taxability or classification issues. Case-Laws GST Wed, 29 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450263