Input Tax Credit Denied on IGST and Cess for Cars Used in Business Activities, Not for Resale or Supply.

Input Tax Credit Denied on IGST and Cess for Cars Used in Business Activities, Not for Resale or Supply. https://www.taxtmi.com/highlights?id=62396 Input tax credit - Stock transfer - IGST and Compensation Cess paid on receipt of cars (on stock transfer basis) for use in relation to specified business activities - it appears that the BMW Vehicles received by the Appellant under stock transfer have never been received with the intent to simply 'further supply of such motor vehicles/'sell as such'. Input Tax Credit on these vehicles, thus, cannot be allowed. - AAAR en-us Fri, 11 Mar 2022 15:37:04 +0530 Fri, 11 Mar 2022 15:37:04 +0530 TaxTMI RSS Generator Input Tax Credit Denied on IGST and Cess for Cars Used in Business Activities, Not for Resale or Supply. https://www.taxtmi.com/highlights?id=62396 Input tax credit - Stock transfer - IGST and Compensation Cess paid on receipt of cars (on stock transfer basis) for use in relation to specified business activities - it appears that the BMW Vehicles received by the Appellant under stock transfer have never been received with the intent to simply 'further supply of such motor vehicles/'sell as such'. Input Tax Credit on these vehicles, thus, cannot be allowed. - AAAR Highlights GST Fri, 11 Mar 2022 15:37:04 +0530 https://www.taxtmi.com/highlights?id=62396