Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
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
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
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
