AAAR: Allows full ITC on HO-branch inter-state transfer of cranes for lease/ hire to customers; Modifies AAR

Tamil Nadu AAAR modifies AAR order, holds that the branch-office (BO) of appellant is eligible to avail full ITC of IGST by Head Office (HO) on the lease/ hire of medium-sized heavy-duty cranes to them for furtherance of business, subject to other conditions of eligibility to such credit as per Section 16 of CGST/ TNGST Act 2017; Noting that BO does not pay full consideration of the transaction to HO but the same is being netted off against the receivable by the BO for t...