Due Date for Availing ITC As Per Section 16(4) Applicable on IGST Paid on Bill of Entry: AAR
Due Date for Availing ITC As Per Section 16(4) Applicable on IGST Paid on Bill of Entry: AAR
M/s. Adi Enterprises is the legal name of the applicant here. The registered address of the business is 01, Desaiwadi, Usgaon, Bhatane, Virar, Palghar, Maharashtra, 401303. Applicant is a manufacturer of “Ear buds”, which have HSN as 96190090. They have imported machinery, the details of which are as under:
- Commercial Invoice Date: 18/08/2022
- Invoice Value: USD 49000
- Seller name: China Forbona Group Limited
- Invoice Number: P220621518YD
- Port Code: INBOM4
- BE No: 2134376
- BE Date: 24/08/2022
- IGST Paid: Rs. 9,00,939
Under Section 98 of the Central Goods and Services Tax Act, 2017 and the Maharashtra Goods and Services Tax Act, 2017, the applicant, M/s. Adi Enterprises filed the application [hereinafter referred to as “the CGST Act and MGST Act” respectively], for an Advance Ruling on 19.04.2024, (State), seeking advance ruling on the availment of ITC of tax paid or deemed to have been paid.