9911796707
|
Home
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2020 (7) TMI 259 - AAR - GSTPermission for withdrawal of Advance Ruling application - Input Tax Credit - GST charged by the Vendors on expenses specifically incurred by us on behalf of Principal, the claim for which have been denied / disallowed by the Insurance Company - HELD THAT - The Application in GST ARA Form No. 01 of M/s. Lfonds India Pvt. Ltd., is disposed of, as being withdrawn voluntarily and unconditionally.
Issues:
Claiming Input Tax Credit on expenses incurred on behalf of Principal. Analysis: The judgment pertains to an application filed by M/s. Lfonds India Pvt. Ltd. seeking an advance ruling on whether they can claim Input Tax Credit of GST charged by vendors on expenses specifically incurred on behalf of their Principal, which were denied or disallowed by the Insurance Company. The applicant requested to withdraw their application voluntarily and unconditionally without delving into the merits or detailed facts of the case. The Authority allowed the withdrawal of the application without further examination. The proceedings under Section 98 of the Central Goods and Services Tax Act, 2017 and the Maharashtra Goods and Services Tax Act, 2017 were initiated based on the application filed by M/s. Lfonds India Pvt. Ltd. for an advance ruling. The applicant, during the preliminary hearing, requested time to submit documents supporting their ongoing contract. Subsequently, the applicant submitted a letter dated 24.02.2020, expressing their desire to voluntarily withdraw the application. The Authority, in its order dated 12.03.2020, acknowledged the withdrawal of the application without engaging in a detailed analysis of the case. In conclusion, the judgment revolves around the withdrawal of an application seeking an advance ruling on the eligibility to claim Input Tax Credit on expenses incurred on behalf of the Principal. The Authority allowed the applicant's request to withdraw the application voluntarily and unconditionally, thereby disposing of the matter without further examination of the underlying issue.
|
