Input tax credit - Stock transfer - IGST and Compensation Cess ...

Input Tax Credit Denied on IGST and Cess for Cars Used in Business Activities, Not for Resale or Supply.

March 11, 2022

Case Laws GST AAAR

Input tax credit - Stock transfer - IGST and Compensation Cess paid on receipt of cars (on stock transfer basis) for use in relation to specified business activities - it appears that the BMW Vehicles received by the Appellant under stock transfer have never been received with the intent to simply 'further supply of such motor vehicles/'sell as such'. Input Tax Credit on these vehicles, thus, cannot be allowed. - AAAR

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Input tax credit - Stock transfer - IGST and Compensation Cess ...

Input Tax Credit Denied on IGST and Cess for Cars Used in Business Activities, Not for Resale or Supply.

March 11, 2022

Case Laws GST AAAR

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