https://www.taxtmi.com/caselaws?id=764518 The Tamil Nadu AAR ruled that transfers of goods within a Free Trade Warehousing Zone (FTWZ) qualify as bonded warehouse transactions under Schedule III paragraph 8(a) of CGST Act, 2017, making them non-taxable. The Authority held that FTWZ operates similarly to bonded warehouses under Customs Act, and supplies of warehoused goods before clearance for home consumption fall under exempt supplies. The applicant is not required to reverse input tax credit on common inputs/services/capital goods for such transactions, as the exemption applies except for duty-free shop supplies at international airport arrival terminals. en-us Thu, 05 Dec 2024 00:00:00 +0530 Tue, 03 Jun 2025 15:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764518 The Tamil Nadu AAR ruled that transfers of goods within a Free Trade Warehousing Zone (FTWZ) qualify as bonded warehouse transactions under Schedule III paragraph 8(a) of CGST Act, 2017, making them non-taxable. The Authority held that FTWZ operates similarly to bonded warehouses under Customs Act, and supplies of warehoused goods before clearance for home consumption fall under exempt supplies. The applicant is not required to reverse input tax credit on common inputs/services/capital goods for such transactions, as the exemption applies except for duty-free shop supplies at international airport arrival terminals. Case-Laws GST Thu, 05 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764518