AAR verdict on high sea sale

Please refer amended schedule III of CGST act. it will solve your doubt. AAR is issued before amendment in law, hence, that advance ruling may be applicable only before the date of amendment in schedule III.

Yes Agree with

What about the recent Advance Ruling given by Gujarat Authority for Advance Ruling in the case of Sterlite Technologies Limited ???

They have ruled that GST would be applicable on Merchant Trading ???

Is this ruling absurd too ???

Yes undoubtedly. it completely ignores the amendment carried out in schedule III. interestingly, date of application is too old. may be they have arrived at solution for period prior to amendment.

As per Amendment Act , 31 of 2018 , the Merchant Trading being inserted under s.no.7 of Schedule III , effective from 1/2/2/19 , so it's. Neither the supply of Goods nor supply of Services.
Moreover in term of Section 103 of CGST , the advance ruling pronounced by the authority is applicable only on Applicant one who sought for It.

(M/s sterlite definately go for AAAR )