{"id":74985,"date":"2026-02-12T10:32:26","date_gmt":"2026-02-12T05:02:26","guid":{"rendered":""},"modified":"2026-02-12T10:32:26","modified_gmt":"2026-02-12T05:02:26","slug":"advance-ruling-for-completed-transactions-prospectivity-bars-aar-from-deciding-taxability-or-itc-after-the-deal-is-closed","status":"publish","type":"post","link":"https:\/\/goodsandservicetax.in\/GST\/?p=74985","title":{"rendered":"Advance ruling for completed transactions: prospectivity bars AAR from deciding taxability or ITC after the deal is closed."},"content":{"rendered":"<p>Advance ruling for completed transactions: prospectivity bars AAR from deciding taxability or ITC after the deal is closed.<br \/>Case-Laws<br \/>GST<br \/>Advance rulings under Section 95(a) are prospective; where all contractual acts, possession and payment were completed before filing, the transaction is not a supply &#8220;being undertaken or proposed&#8221; and therefore falls outside the AAR&#39;s permissible scope. The authority found that the assignment of leasehold rights and related charges were fully executed<\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p align=\"center\"><strong>Plain text (Extract) only<\/strong><BR>For full text:-<a href=\"https:\/\/www.taxtmi.com\/highlights?id=96825\">Visit the Source <\/a><\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Advance ruling for completed transactions: prospectivity bars AAR from deciding taxability or ITC after the deal is closed.Case-LawsGSTAdvance rulings under Section 95(a) are prospective; where all contractual acts, possession and payment were completed b<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-74985","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/74985","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=74985"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/74985\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=74985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=74985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=74985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}