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2018 (8) TMI 977 - AAAR - GSTInput tax credit - purchase of motor vehicles i.e. cash carry vans - cash management network pan India - purchase of motor vehicles i.e. cash carry vans, which are purchased and used for cash management business and supplied post usage as scrap - whether the money being transported by the Appellant in the cash carry vans is “goods” or otherwise for the purposes of availing Input Tax Credit under the GST law? - Held that:- Held that:- The argument of the Appellant that, although in general understanding, what is being transported by the appellants is currency or cash or money, from the Appellant's point of view or for the appellant, what is transported is 'goods' and not 'money', does not support their cause, as the definitions provided in Acts are universal and same cannot be interpreted for suiting the requirement of any individual as claimed by the Appellant. If 'Money' is not covered as 'Goods' in the definition of 'Goods' under CGST Act, then it is not 'goods' for everyone and it cannot be said that it is not 'goods' for general perception and it is 'goods' for the Appellant. Ruling:- Input Tax Credit is not available to CMS Info Systems Limited on purchase of motor vehicles i.e. cash carry vans, which are purchased and used for cash management business and supplied post usage as scrap.
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