Input Tax Credit — This Appeal has been filed by the Assistant Commissioner, against the Advance Ruling No. 07/WBAAR2018-19 dated 30.05.2018 pronounced by the West Bengal Authority for Advance Ruling.

The Appellant has filed an Appeal against the above Advance Ruling regarding the availability of Input Tax Credit on stock transfer from the Head Office of M/s. Gkb lens pvt. ltd. to its branches in other States at Zero Value.

Held that— It is seen that the question raised by M/s. Gkb lens pvt. ltd. was correctly answered by the Authority of Advance Ruling. However, it may be clarified that no input tax credit is available to the recipient of goods/service if the value declared by the supplier in the invoice/debit note is zero.

In the facts and circumstances discussed above the Ruling of the West Bengal Authority of Advance Ruling is modified to the extent that at the end of the second paragraph of the said ruling the following sentence will be added:

“No input tax credit, however, would be available for supply of goods / services at Zero Value.”—GKB Lens Pvt. Ltd., In Re… [2018] 04 TAXLOK.COM 138 (AAAR-WB)