https://www.taxtmi.com/article/detailed?id=9308 The dispute concerned availability of input tax credit on motor vehicles converted into cash carry vans used to transport cash. An initial AAAR order denied ITC, reasoning that money is excluded from the statutory definition of goods. The High Court set that order aside for failing to address the principal submission about whether money, while being transported, falls within the definition of goods, and remanded. On remand AAAR held that cash in transit could be treated as goods for the purposes of the service and allowed ITC on purchase and fabrication of the vans. en-us Mon, 29 Jun 2020 09:13:43 +0530 Mon, 29 Jun 2020 09:13:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9308 The dispute concerned availability of input tax credit on motor vehicles converted into cash carry vans used to transport cash. An initial AAAR order denied ITC, reasoning that money is excluded from the statutory definition of goods. The High Court set that order aside for failing to address the principal submission about whether money, while being transported, falls within the definition of goods, and remanded. On remand AAAR held that cash in transit could be treated as goods for the purposes of the service and allowed ITC on purchase and fabrication of the vans. Articles Goods and Services Tax - GST Mon, 29 Jun 2020 09:13:43 +0530 https://www.taxtmi.com/article/detailed?id=9308