Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
Reassessment disclosure requirements permit stated reasons without revealing information sources, but prior-taxation claims require full examination b...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
Entitlement to Input Tax Credit (ITC) - Inward supply of Car / Demo cars - Car used for demonstration purpose to the potential customer interested in buying Mercedes Benz Car - The Authority ruled that the applicant is entitled to claim ITC on the inward supply of demo cars. The key rationale is that the demo cars, while initially used for demonstration purposes, are later sold, which qualifies as a 'further supply of such motor vehicles.' This decision underscores that demo vehicles are not merely for display but are an integral part of the sales and business strategy, thereby meeting the criteria set under Section 16 of the GST Act for claiming ITC.
Entitlement to Input Tax Credit (ITC) - Inward supply of Car / Demo cars - Car used for demonstration purpose to the potential customer interested in buying Mercedes Benz Car - The Authority ruled that the applicant is entitled to claim ITC on the inward supply of demo cars. The key rationale is that the demo cars, while initially used for demonstration purposes, are later sold, which qualifies as a 'further supply of such motor vehicles.' This decision underscores that demo vehicles are not merely for display but are an integral part of the sales and business strategy, thereby meeting the criteria set under Section 16 of the GST Act for claiming ITC.
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