https://www.taxtmi.com/forum/issue?id=119321 Entitlement to Input Tax Credit on purchase of a second hand vehicle bought as scrap and refurbished turns on whether the goods remain 'scrap' used in the buyer's trade (creditable if properly invoiced and the buyer is a registered scrap dealer) or have become a roadworthy second hand motor vehicle (where credit may be restricted under the rule barring credit on certain motor vehicles). Classification under HSN, invoicing, purchaser's business, and valuation/margin scheme considerations determine the GST credit outcome. en-us Tue, 24 Sep 2024 17:41:21 +0530 Tue, 01 Oct 2024 10:39:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119321 Entitlement to Input Tax Credit on purchase of a second hand vehicle bought as scrap and refurbished turns on whether the goods remain 'scrap' used in the buyer's trade (creditable if properly invoiced and the buyer is a registered scrap dealer) or have become a roadworthy second hand motor vehicle (where credit may be restricted under the rule barring credit on certain motor vehicles). Classification under HSN, invoicing, purchaser's business, and valuation/margin scheme considerations determine the GST credit outcome. Discussion-Forum GST Tue, 24 Sep 2024 17:41:21 +0530 https://www.taxtmi.com/forum/issue?id=119321