9911796707
|
Home
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (4) TMI 457 - AAR - GSTApplication for withdrawal of Advance Ruling application - Supply or not - supply of promotional product - whether the supply of the main product with free product would fall within the mischief of a mixed supply attracting the rate of tax of the product attracting the highest rate of tax? - Held that - The Applicant has requested to permit them to withdraw the application filed for advance ruling quoting the reason that the Central Board of Indirect Taxes and Customs has issued certain clarification on the issue raised by the company. The application filed by the Applicant for advance ruling is disposed off as withdrawn.
Issues Involved:
1. Application for advance ruling under Section 97 of CGST Act, 2017 and KGST Act, 2017 regarding the qualification of promotional products as a supply liable to GST and the tax implications of supplying the main product with a free product. Analysis: The case involved an application for advance ruling by M/s. Britannia Industries Limited, seeking clarification on whether promotional products would be considered a supply liable to GST and if supplying the main product with a free product would fall under the category of mixed supply attracting the highest rate of tax. The Applicant, engaged in manufacturing food products, offered certain products for free as part of sales promotion without changing the price of the main product. During the proceedings, the Applicant's authorized representative presented arguments and written submissions on the issue. However, subsequently, the Applicant requested to withdraw the application citing that the Central Board of Indirect Taxes and Customs had issued clarifications on the matter raised by the company. Consequently, the Authority for Advance Rulings disposed of the application as withdrawn. This ruling signifies the importance of seeking advance clarification on tax-related matters to ensure compliance with GST regulations. The withdrawal of the application indicates that the Applicant found clarity through external sources, highlighting the dynamic nature of indirect tax laws and the need for businesses to stay informed about regulatory updates to make informed decisions regarding their operations.
|
