Service of notice and contractual debt acknowledgment preserved insolvency admission against a corporate guarantor despite limitation and natural just...
Original works exemption excludes standalone boulder transportation, leaving subcontracted railway-project transport services subject to service tax l...
Annual production capacity determinations excluding stenter galleries support refunds for unconstitutional excise levies without an unjust-enrichment ...
Vicarious liability for cheque dishonour requires specific allegations of responsibility and cheque signatory; generic director allegations cannot sus...
IT Resilience Index requires market infrastructure institutions to automate resilience scoring, early warnings, and continuous service-delivery monito...
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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