Payment of Net Receivables by One GSTIN for Another GSTIN of Same Company is Not Supply: ITC can be Claimed If Done through Book Adjustment, AAR Rules in favour of Malabar Gold [Read Order]

Payment of Net Receivables - GSTIN of Same Company is Not Supply -GSTIN- ITC - Book Adjustment - AAR Rules in favour of Malabar Gold - taxscan

The Kerala Authority of Advance Ruling (AAR), Thiruvananthapuram has held that the payment of net receivables by one Goods and Services Tax Identification Number (GSTIN) for another GSTIN of the same Company is not a Supply and the corresponding legitimate Input Tax Credit (ITC) can be claimed even if the payment is done through Book…

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