https://www.taxtmi.com/caselaws?id=756991 AAR Tamil Nadu ruled that transfer of title of goods stored in FTWZ unit by applicant to DTA customers or multiple transfers within FTWZ followed by removal constitutes bonded warehouse transaction covered under para 8(a) of Schedule III of CGST Act. Since FTWZ is deemed foreign territory outside customs territory, such transfers are exempt from GST. However, following 2023 amendment to Section 17(3) of CGST Act, applicant must make proportionate reversal of input tax credit on common inputs/capital goods/services for activities under Schedule III para 8(a). en-us Thu, 25 Jul 2024 00:00:00 +0530 Thu, 08 May 2025 13:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756991 AAR Tamil Nadu ruled that transfer of title of goods stored in FTWZ unit by applicant to DTA customers or multiple transfers within FTWZ followed by removal constitutes bonded warehouse transaction covered under para 8(a) of Schedule III of CGST Act. Since FTWZ is deemed foreign territory outside customs territory, such transfers are exempt from GST. However, following 2023 amendment to Section 17(3) of CGST Act, applicant must make proportionate reversal of input tax credit on common inputs/capital goods/services for activities under Schedule III para 8(a). Case-Laws GST Thu, 25 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756991