https://www.taxtmi.com/article/detailed?id=9908 Divergent advance rulings conflict on whether Input Tax Credit on demo vehicles can be claimed: some AARs allowed credit where vehicles were tax-invoiced, capitalized and used in furtherance of business as capital goods, while others denied credit by applying statutory barring provisions unless specific exceptions are met; the issue hinges on the interplay between section 16 eligibility conditions and the exclusion clauses, with advance rulings' limited applicability and resulting litigation risk noted. en-us Wed, 21 Jul 2021 10:14:22 +0530 Wed, 21 Jul 2021 10:14:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9908 Divergent advance rulings conflict on whether Input Tax Credit on demo vehicles can be claimed: some AARs allowed credit where vehicles were tax-invoiced, capitalized and used in furtherance of business as capital goods, while others denied credit by applying statutory barring provisions unless specific exceptions are met; the issue hinges on the interplay between section 16 eligibility conditions and the exclusion clauses, with advance rulings' limited applicability and resulting litigation risk noted. Articles Goods and Services Tax - GST Wed, 21 Jul 2021 10:14:22 +0530 https://www.taxtmi.com/article/detailed?id=9908