https://www.taxtmi.com/caselaws?id=305355 The Authority for Advance Ruling in Jharkhand allowed a private limited company engaged in the resale and service of vehicles to claim and set-off Input Tax Credit for GST paid on demo vehicles, repairs, maintenance, and insurance. The ruling considered demo vehicles as capital goods used in the course of business operations, permitting the company to utilize the credit for GST liability on sales. Conditions included maintaining limited demo vehicles, not claiming depreciation on GST components, creating GST liability upon sales, and keeping separate accounts. This decision clarified input tax credit admissibility, ensuring compliance with GST regulations for businesses in the vehicle sales and service sector. en-us Tue, 25 Aug 2020 00:00:00 +0530 Wed, 19 Mar 2025 13:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305355 The Authority for Advance Ruling in Jharkhand allowed a private limited company engaged in the resale and service of vehicles to claim and set-off Input Tax Credit for GST paid on demo vehicles, repairs, maintenance, and insurance. The ruling considered demo vehicles as capital goods used in the course of business operations, permitting the company to utilize the credit for GST liability on sales. Conditions included maintaining limited demo vehicles, not claiming depreciation on GST components, creating GST liability upon sales, and keeping separate accounts. This decision clarified input tax credit admissibility, ensuring compliance with GST regulations for businesses in the vehicle sales and service sector. Case-Laws GST Tue, 25 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305355