https://www.taxtmi.com/caselaws?id=756671 The AAR Kerala ruled that a registered taxpayer engaged in buying and selling second-hand luxury cars can claim input tax credit on direct and indirect expenses such as spare parts, refurbishment services, repairs, office expenses, rent, and professional charges incurred in the business. The ruling clarified that while input tax credit cannot be claimed on the purchase of used vehicles themselves under the margin scheme, sections 16 and 17 of CGST Act and notification 8/2018-CT do not restrict claiming credit on other business expenses used in furtherance of the second-hand car business, subject to prescribed conditions. en-us Wed, 14 Feb 2024 00:00:00 +0530 Fri, 09 May 2025 15:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756671 The AAR Kerala ruled that a registered taxpayer engaged in buying and selling second-hand luxury cars can claim input tax credit on direct and indirect expenses such as spare parts, refurbishment services, repairs, office expenses, rent, and professional charges incurred in the business. The ruling clarified that while input tax credit cannot be claimed on the purchase of used vehicles themselves under the margin scheme, sections 16 and 17 of CGST Act and notification 8/2018-CT do not restrict claiming credit on other business expenses used in furtherance of the second-hand car business, subject to prescribed conditions. Case-Laws GST Wed, 14 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756671