{"id":3152,"date":"2025-10-26T22:57:27","date_gmt":"2025-10-26T22:57:27","guid":{"rendered":"https:\/\/bhatiabhola.com\/?p=3152"},"modified":"2025-10-26T22:57:28","modified_gmt":"2025-10-26T22:57:28","slug":"gst-aaar-gujarat-ruling-dated-22-09-2025-gst-itc-denied-on-expenses-for-company-share-buyback-2","status":"publish","type":"post","link":"https:\/\/bhatiabhola.com\/index.php\/blog\/2025\/10\/26\/gst-aaar-gujarat-ruling-dated-22-09-2025-gst-itc-denied-on-expenses-for-company-share-buyback-2\/","title":{"rendered":"GST AAAR Gujarat Ruling Dated 22\/09\/2025 &#8211; GST ITC denied on expenses for company Share Buyback\u00a0"},"content":{"rendered":"\n<p><em>Case of Gujarat Narmada Valley Fertilizers &amp; Chemicals Ltd, AAAR Gujarat Ruling Dated 22<sup>nd<\/sup>\u00a0September 2025.<\/em>\u00a0AAAR held that Input Tax Credit (ITC) is not admissible on expenses incurred for the buyback of shares, as shares being \u2018securities\u2019 do not qualify as goods or services under the GST law, and hence the transaction falls outside the ambit of GST. It dismissed the appeal and upheld AAR Ruling.<\/p>\n\n\n\n<p><a href=\"https:\/\/drive.google.com\/file\/d\/1TcEDq4bVV-NfFRba8UfJ4VRILxcY3jms\/view?usp=sharing\"><em>(Link: AAAR Gujarat Ruling Dated 22\/09\/2025)<\/em><\/a><em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Case of Gujarat Narmada Valley Fertilizers &amp; Chemicals Ltd, AAAR Gujarat Ruling Dated 22nd\u00a0September 2025.\u00a0AAAR held that Input Tax Credit [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[30,6],"tags":[],"class_list":["post-3152","post","type-post","status-publish","format-standard","hentry","category-aar-ruling","category-gst"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>GST AAAR Gujarat Ruling Dated 22\/09\/2025 - GST ITC denied on expenses for company Share Buyback\u00a0 - Bhatia Bhola &amp; 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