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Only goods supplier can seek GST advance ruling

Only goods supplier can seek GST advance ruling

The Maharashtra bench of the GST Authority for Advance Rulings (AAR) has rejected an application filed by a Mumbai-based private company as it was not the supplier of goods or services, but the recipient. Additionally, it related to a supply that had already been completed as on the date of the application instead of being undertaken or proposed to be undertaken.
In this case, the Mumbai company — USV — had entered into an assignment deed dated November 30, 2019, with Novartis, a Switzerland-based pharma company. The latter had agreed to permanently transfer the trademark rights related to the Indian territory for ‘Jalra’ and ‘Jalra M’. The effective date of the transfer was either December 10, 2019 or the date of the receipt of the entire consideration by the Swiss company, whichever is later. USV paid full consideration in two tranches before this date.

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