https://www.taxtmi.com/caselaws?id=429836 AAR Karnataka ruled that a dealer under the Margin Scheme (Rule 32(5)) can claim input tax credit on input services including rent, advertisement, commission, and professional expenses, as well as capital goods. While Rule 32(5) bars credit on purchase of second-hand goods being supplied, it does not restrict credit on input services or capital goods. The ruling clarifies that registered taxpayers under Margin Scheme remain eligible for input tax credit on services and capital goods, subject to conditions under sections 16-21 and rules 36-45 of CGST Act. en-us Thu, 27 Oct 2022 00:00:00 +0530 Thu, 10 Apr 2025 17:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429836 AAR Karnataka ruled that a dealer under the Margin Scheme (Rule 32(5)) can claim input tax credit on input services including rent, advertisement, commission, and professional expenses, as well as capital goods. While Rule 32(5) bars credit on purchase of second-hand goods being supplied, it does not restrict credit on input services or capital goods. The ruling clarifies that registered taxpayers under Margin Scheme remain eligible for input tax credit on services and capital goods, subject to conditions under sections 16-21 and rules 36-45 of CGST Act. Case-Laws GST Thu, 27 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429836