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    <title>ITC on Purchase of Car and Reversal of ITC &amp; levy of GST on Sale after say 2 years</title>
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    <description>Input Tax Credit was allowable where the car was purchased for passenger transportation. Upon later sale, the CGST reversal provision mandates reversal of credit taken, and GST on the sale must be charged corresponding to that reversal. Number-plate colour does not affect the reversal rule, though a white plate indicates personal use and precludes ITC.</description>
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      <title>ITC on Purchase of Car and Reversal of ITC &amp; levy of GST on Sale after say 2 years</title>
      <link>https://www.taxtmi.com/forum/issue?id=112900</link>
      <description>Input Tax Credit was allowable where the car was purchased for passenger transportation. Upon later sale, the CGST reversal provision mandates reversal of credit taken, and GST on the sale must be charged corresponding to that reversal. Number-plate colour does not affect the reversal rule, though a white plate indicates personal use and precludes ITC.</description>
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      <pubDate>Wed, 04 Oct 2017 18:10:26 +0530</pubDate>
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