GST Update: ITC admissibility on demo cars and various ancillary issues
Last updated: 18 April 2020
Court :
Authority of Advance Ruling
Brief :
GST law was introduced with the objective of seamless flow of input tax credit but on actual implementation of CGST Act, 2017, admissibility of input tax credit has been restricted subject to provisions contained in section 17(5) of the CGST Act, 2017. The input tax credit on motor vehicles was disputed matter in the erstwhile Cenvat Credit Rules, 2004 and is also an interpretational issue in GST era. The present update seeks to discuss ITC admissibility and other GST implications on demo cars used by automobile dealers in light of the decision pronounced by Authority of Advance Ruling in the case of CHOWGULE INDUSTRIES PVT. LTD. [2019 (27) G.S.T.L. 272 (A.A.R.-GST)].
Citation :
CHOWGULE INDUSTRIES PVT. LTD. [2019 (27) G.S.T.L. 272 (A.A.R.-GST)]
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Pradeep Jain
Published in GST
Views : 658
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