https://www.taxtmi.com/article/detailed?id=8303 The core contention is that input tax credit should be allowed for motor vehicles used in furtherance of business and in making taxable supplies because cars operate as semi durable capital goods consumed in producing taxable supplies; denial lacks intelligible differentiation given similar treatment of other capital goods and routine credit for dealer purchases, while counterarguments emphasize abuse risk, alternative relief via depreciation, and the difficulty of allocating credits in professional services. en-us Fri, 28 Dec 2018 06:44:11 +0530 Fri, 28 Dec 2018 06:44:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8303 The core contention is that input tax credit should be allowed for motor vehicles used in furtherance of business and in making taxable supplies because cars operate as semi durable capital goods consumed in producing taxable supplies; denial lacks intelligible differentiation given similar treatment of other capital goods and routine credit for dealer purchases, while counterarguments emphasize abuse risk, alternative relief via depreciation, and the difficulty of allocating credits in professional services. Articles Goods and Services Tax - GST Fri, 28 Dec 2018 06:44:11 +0530 https://www.taxtmi.com/article/detailed?id=8303