P&H High Court: Re-Investigation Cannot Nullify Existing Acquittal Despite Breach of Stay Order  ||  Gujarat HC: Illegal Mining Vehicle Complaints Must Be Filed Before Sessions Court, Not Magistrate  ||  Delhi High Court Lays Down Registry Directions for Dealing with Insufficiently Stamped Arbitral Award  ||  Delhi High Court: Victims Need No Leave to Appeal Acquittal or Conviction for Lesser Offence  ||  SC: Limitation Act Inapplicable to Revisions under Karnataka Land Revenue Act  ||  SC: Banks Can Invoke SARFAESI for Loans Acquired from NBFCs Outside the Act  ||  SC: Gujarat Prohibition Act Does not Bar Interim Seized Vehicle Release  ||  Supreme Court Quashes Rs. 425-Crore Customs Penalty Based on AI-Generated Fake Case Laws  ||  SC: Guilt cannot be Presumed Solely Due to Collusion Allegations against Investigating Officer  ||  SC: Clarificatory Statement Does Not Constitute a Binding Undertaking for Contempt Proceedings    

Authority for Advance Ruling: Dealers Eligible for Input Tax Credit on Demo Cars - (21 Jan 2020)

GOODS AND SERVICES TAX

Authority for Advance Ruling, Maharashtra has held that input tax credit charged on inward supply of demo cars, which are used for demonstration purpose in the course of business of supply of motor vehicle, can be availed by the dealer as an input tax credit on capital goods and the same can be utilized for payment of output tax payable under this Central Goods and Services Tax Act, 2017.

Tags : AUTHORITY FOR ADVANCE RULING   INPUT TAX CREDIT ON DEMO CARS  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved