Availment and setting off of Input tax credit (ITC) - purchases ...

Car Dealers Can Use Input Tax Credit for Demo Vehicles Purchase Under GST, Per Section 17(5)(a)(A) Guidelines.

July 5, 2022

Case Laws GST AAR

Availment and setting off of Input tax credit (ITC) - purchases of demo vehicles - car dealer - The demo vehicles are purchased all along for further supply with the condition that they will be kept for a specific period of time - the purchase of demo vehicles and further supply of the same satisfies the condition laid down in section 17(5)(a)(A) of the GST Act. - The applicant is eligible to avail input tax credit on purchases of demo vehicles which can be set off against output tax payable under GST. - AAR

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Availment and setting off of Input tax credit (ITC) - purchases ...

Car Dealers Can Use Input Tax Credit for Demo Vehicles Purchase Under GST, Per Section 17(5)(a)(A) Guidelines.

July 5, 2022

Case Laws GST AAR

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