AAR : Dismisses application regarding credit eligibility of tax paid on cancellation of flat booked in pre-GST regime

Maharashtra AAR dismisses application for determining availability of credit of service tax and VAT paid under pre-GST regime while booking flat, to a developer which is cancelled in post-GST regime; Observes that no transaction took place post GST regime as booking was effected under pre-GST era, consequently, there is no ‘supply’ under the GST Act, refers to Section 142 which states that goods which are returned should have been sold not earlier than 6 month prior to ap...