Transfer of Goods in FTWZ Non-Taxable; No ITC Reversal Needed Under CGST Act Schedule III, Para 8(a).
Case-Laws
GST
The transfer of title of goods by the Applicant to its customers or multiple transfers within the Free Trade Warehousing Zone (FTWZ) gets covered under para 8(a) of Schedule III of the CGST Act, 2017, and remains non-taxable. The Applicant is not required to reverse any ITC of common inputs/input services/capital goods, even when the activity/transaction is covered under p
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