Tata Advanced Systems Ltd. {AUTHORITY FOR ADVANCE RULINGS, GUJARAT}
Tata Advanced Systems Ltd. {AUTHORITY FOR ADVANCE RULINGS, GUJARAT} :Date of Order : 06-12-2023 Issue: Tata Advanced Systems Ltd. entered into a contract with Airbus to produce and supply C-295 aircrafts. The contract included both the supply of aircrafts and the provision of maintenance services. The key issues were the classification of supply, applicable GST rates, valuation including Free-Issue-Materials (FIMs), and the time of supply for GST payment on advances received.Ruling:
Composite Supply Classification: The Authority for Advance Rulings (AAR) determined...
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