Khatwani Sales And Services LLP ., In re
Date: July 23, 2020
Court: Authority for Advance Ruling
Bench: Madhya Pradesh
Type: Advance Ruling
Judge(s)/Member(s): Manoj Kumar Choubey, Virendra Kumar Jain
Subject Matter
Input tax credit not available on Demo vehicles
Summary
Q. Whether Input tax credit on the Demo vehicle purchased can be availed as the same will be capitalized in books. A. There is clear provision in law for admissibility of Input tax credit on motor vehicles in any of the three conditions prescribed in…
1. M/s Khatwani Sales And Services L L.P (hereinafter referred to as the Applicant) are authorised dealer of KIA for sales & services of vehicles in Jabalpur, at 1121/2. PANDIT BHAWANI PRASAD TIWARI COLONY ward no. 32 Jabalpur Madhya Pradesh (482001). The Applicant is having a GST registration with GSTIN AAIJFK1834E1ZE. 2. The provisions of the CGST Act and MPGST Act are identical, except for…