Shanti Prime Publication Pvt. Ltd.
Input tax credit—Advance ruling is sought for on the following:
i) Whether computers, laptops etc. used by the applicant for providing output service would qualify as inputs for the purpose of availing transitional ITC under Section 140(3) of KSGST Act?
ii) If the goods are physically available as closing stock as on 30th June, 2017, can the applicant avail ITC for the VAT paid?
Held that :- In view of the observations stated above, the following rulings are issued:
i) The computers, laptops etc. used by the applicant for providing output service would not qualify as inputs for the purpose of availing transitional ITC under Section 140(2) /140(3) of the KSGST Act.
ii) The goods, even though physically available as closing stock as on 30th June 2017, ITC is not eligible for the VAT paid [2018] 4 TAXLOK.COM 015 (AAR-Kerala)