Book adjustment a valid method of consideration under GST
Last updated: 21 July 2023
Court :
AAR, Kerala
Brief :
The AAR, Kerala, in the matter of Paragon Polymer Products Private Limited[Advance Ruling No. KER/03/2023 dated March 02, 2023] ruled that ITC is admissible for goods purchased from outsourced vendors when the consideration is settled through book adjustment, subject to the conditions outlined in Sections 16, 17 and 18 of the Central Goods and Services Tax Act, 2017 ("the CGST Act") and their corresponding rules.
Citation :
Advance Ruling No. KER/03/2023 dated March 02, 2023
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Bimal Jain
Published in GST
Views : 313
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