CMS Info Systems Ltd., In re
Date: August 6, 2018
Subject Matter
ITC is not available on purchase of cash carry vans that are used for cash management business
Summary
The Appellant is having cash management network pan India. It provides the service of carrying cash from and to various Bank ATMs. Such transportation of cash is done through the security vans popularly known as "cash carry vans". The appel…
At the outset, we would like to make it clear that the provisions of both the CGST Act and the MGST Act are the same except for certain provisions. Therefore, unless a mention is specifically made to such dissimilar provisions, a reference to the CGST Act would also mean a reference to the same provisions under the MGST Act. Further, the CGST Act, 2017 and MGST Act, 2017, sometimes, shall also be…