https://www.taxtmi.com/forum/issue?id=117528 Where input tax credit, Cenvat credit, or VAT ITC was availed on a used commercial motor vehicle, compensation cess is not exempt and is leviable at rates linked to engine capacity; the margin scheme for valuation is not available when such credits have been claimed. en-us Wed, 29 Sep 2021 07:19:44 +0530 Thu, 23 Jan 2025 15:54:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117528 Where input tax credit, Cenvat credit, or VAT ITC was availed on a used commercial motor vehicle, compensation cess is not exempt and is leviable at rates linked to engine capacity; the margin scheme for valuation is not available when such credits have been claimed. Discussion-Forum GST Wed, 29 Sep 2021 07:19:44 +0530 https://www.taxtmi.com/forum/issue?id=117528