Observations of AAAR on ITC expunged since the question pertaining to ITC was not originally dealt with by the AAR

Observations of AAAR on ITC expunged since the question pertaining to ITC was not originally dealt with by the AAR https://www.taxtmi.com/article/detailed?id=14749 AAAR exceeded its permissible scope by addressing Input Tax Credit (ITC) when the AAR had not been asked to rule on that issue; the petitioner had only sought a ruling whether refurbishment costs and payments to prior owners are includible in purchase price for computing margin under the margin-scheme Notification. The AAAR's para 6.8 on ITC introduced an unraised compliance issue and was expunged as beyond the scope of the appeal. en-us Fri, 04 Jul 2025 08:39:34 +0530 Fri, 04 Jul 2025 08:39:34 +0530 TaxTMI RSS Generator Observations of AAAR on ITC expunged since the question pertaining to ITC was not originally dealt with by the AAR https://www.taxtmi.com/article/detailed?id=14749 AAAR exceeded its permissible scope by addressing Input Tax Credit (ITC) when the AAR had not been asked to rule on that issue; the petitioner had only sought a ruling whether refurbishment costs and payments to prior owners are includible in purchase price for computing margin under the margin-scheme Notification. The AAAR's para 6.8 on ITC introduced an unraised compliance issue and was expunged as beyond the scope of the appeal. Articles Goods and Services Tax - GST Fri, 04 Jul 2025 08:39:34 +0530 https://www.taxtmi.com/article/detailed?id=14749