https://www.taxtmi.com/caselaws?id=783089 The AAR declined to rule on the applicant's GST liability on services of customization and licensing of a proprietary software platform supplied to an overseas client. The core issue was whether export proceeds received in the form of preference shares of the foreign entity qualify as "consideration" in convertible foreign exchange under s.2(6)(iv) of the IGST Act, 2017. The AAR held that this primary issue falls outside the scope of s.97(2) of the CGST Act, 2017, which limits the questions on which advance rulings can be given. Consequently, the AAR refused to answer the connected question of GST liability. en-us Mon, 24 Nov 2025 00:00:00 +0530 Tue, 09 Dec 2025 13:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783089 The AAR declined to rule on the applicant's GST liability on services of customization and licensing of a proprietary software platform supplied to an overseas client. The core issue was whether export proceeds received in the form of preference shares of the foreign entity qualify as "consideration" in convertible foreign exchange under s.2(6)(iv) of the IGST Act, 2017. The AAR held that this primary issue falls outside the scope of s.97(2) of the CGST Act, 2017, which limits the questions on which advance rulings can be given. Consequently, the AAR refused to answer the connected question of GST liability. Case-Laws GST Mon, 24 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783089