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TaxReply India Pvt Ltd

ZYDUS LIFESCIENCES LTD.
(Authority for Advance Ruling, Gujrat)

Hon'ble Judges:

KAMAL SHUKLA
PB. MEENA
Pet. Counsel
Priyanka Kalwani
Devanshi Sharma
Res. Counsel
---

Petitioner / Applicant

ZYDUS LIFESCIENCES LTD.

Respondent NA
Court

AAR (Authority for Advance Ruling)

State

Gujrat

Date Mar 25, 2025
Order No.

GUJ/GAAR/R/2025/09 (In Application No. Advance Ruling/SGST& CGST/2024/AR/08)

Citation

2025(3) TAXREPLY 12847

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ORDER

Brief facts: M/s Zydus Lifesciences Ltd., Zydus Corporate Park, Scheme No. 63, Survey No. 536, Khoraj (Gandinagar), Nr. Vaishnadevi Circle, SG Highway, Ahmedabad 382 481 (for short - ‘applicant’) is engaged in the manufacture, supply & distribution of various pharmaceutical products. The applicant is registered with the department and their registration No. is 24AAACC6253G1ZZ. 2. Briefly, the details as submitted by the applicant are as under: that the applicant avails ITC in terms of sections 16 & 17 of the CGST Act, 2017; that the applicant, to ensure optimum utilization of surplus cash/idle funds lying in excess of their fixed & working capital requirements, invests the same by subscribing to units of various mutual funds floated by Asset Management Company [AMC]; that these units are either purchased directly from the fund house or through an authorized broker; that when the need for liquid cash arises, the applicant rede....

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