https://www.taxtmi.com/caselaws?id=422142 The AAAR-Rajasthan ruled that under Notification No. 8/2018-CT (Rate) for GST valuation on refurbished motor vehicles, margin calculation must use "purchase price" not "purchase cost." The appellant's claim to deduct refurbishment costs from margin was rejected. The court held that only the original purchase amount of used vehicles qualifies as "purchase price" under the notification. The appellant can alternatively claim input tax credit on refurbishment components but cannot combine both benefits. en-us Fri, 10 Dec 2021 00:00:00 +0530 Thu, 03 Apr 2025 15:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422142 The AAAR-Rajasthan ruled that under Notification No. 8/2018-CT (Rate) for GST valuation on refurbished motor vehicles, margin calculation must use "purchase price" not "purchase cost." The appellant's claim to deduct refurbishment costs from margin was rejected. The court held that only the original purchase amount of used vehicles qualifies as "purchase price" under the notification. The appellant can alternatively claim input tax credit on refurbishment components but cannot combine both benefits. Case-Laws GST Fri, 10 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422142