International transaction characterisation of domestic divestment of support services business rejected; transaction between resident associated enter...
Minimum Import Price restrictions for Black Pepper, Areca-nuts and Apples upheld; procedural laying failure not fatal, notifications to be placed befo...
Transaction value between related persons requires market-equivalent pricing; importer must prove declared value mirrors ordinary international trade ...
Where a registered person trades in second-hand motor vehicles and does not avail ITC on the purchase of such vehicles, GST is payable only on the margin under Rule 32(5) read with N/N 8/2018-CT (Rate). The restriction on ITC applies only to tax paid on purchase of the used vehicles themselves; it does not bar ITC on other inward supplies used in the course or furtherance of business, including repairs, refurbishment, spare parts, and common expenses, subject to Sections 16-21 and Rules 36-45 compliance. Supplies under the margin scheme with nil margin remain taxable (value becomes zero), not exempt, hence no reversal of common ITC under Rules 42/43. - AAR
Where a registered person trades in second-hand motor vehicles and does not avail ITC on the purchase of such vehicles, GST is payable only on the margin under Rule 32(5) read with N/N 8/2018-CT (Rate). The restriction on ITC applies only to tax paid on purchase of the used vehicles themselves; it does not bar ITC on other inward supplies used in the course or furtherance of business, including repairs, refurbishment, spare parts, and common expenses, subject to Sections 16-21 and Rules 36-45 compliance. Supplies under the margin scheme with nil margin remain taxable (value becomes zero), not exempt, hence no reversal of common ITC under Rules 42/43. - AAR
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