Retrospective application of beneficial circulars upheld, binding officers and granting post adjudication relief where adjudication occurred after cir...
Admissibility of Investigation Statements requires witness examination before the adjudicating authority; otherwise statements cannot sustain a penalt...
Transaction value and connected person treatment in excise valuation: proprietary concerns not inter connected undertakings, relief on valuation and c...
Appointment of Registrars as adjudicating officers under Companies Act reallocates territorial jurisdiction and sets appeal route to Regional Director...
Notification No. 08/2018-Central Tax (Rate) bars ITC only on the specified old and used motor vehicles listed; its phrase 'such goods' confines the prohibition to those vehicles and does not extend to other inputs or input services. Consequently, registered persons selling under the notification's margin scheme may claim ITC on admissible input services and capital goods (for example, refurbishment, repair, marketing, professional fees, rent, office expenses, software subscriptions, staffing, administrative overheads, laptops, equipment, furniture) provided the conditions and eligibility requirements under the CGST provisions and Rules are met. The margin-scheme restriction therefore does not ipso facto deny ITC on other business inputs.
Notification No. 08/2018-Central Tax (Rate) bars ITC only on the specified old and used motor vehicles listed; its phrase 'such goods' confines the prohibition to those vehicles and does not extend to other inputs or input services. Consequently, registered persons selling under the notification's margin scheme may claim ITC on admissible input services and capital goods (for example, refurbishment, repair, marketing, professional fees, rent, office expenses, software subscriptions, staffing, administrative overheads, laptops, equipment, furniture) provided the conditions and eligibility requirements under the CGST provisions and Rules are met. The margin-scheme restriction therefore does not ipso facto deny ITC on other business inputs.
Note: It is a system-generated summary and is for quick reference only.
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