Payment of Output Tax on Castor Oil Seeds through utilisation of ITC taken on Gold & Silver Dore Bars can’t be denied merely for Absence of Nexus: AAAR [Read Order]

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The Gujarat Appellate Authority of Advance ruling (AAR) has ruled that the payment of output tax on Castor Oil Seeds through utilisation of ITC taken on Gold & Silver Dore Bars cannot be denied merely for absence of nexus. The Appellant, M/s. Aristo Bullion Pvt. Ltd. intends to engage in manufacturing as well as trading […]
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