Case LawAdvance Ruling order No. 13/2020
Khatwani Sales And Services LLP ., In re
- Court:
- Authority for Advance Ruling
- Bench:
- Madhya Pradesh
- Date:
- July 23, 2020
- Type:
- Advance Ruling
- Members:
- Manoj Kumar Choubey, Virendra Kumar Jain
Subject
Input tax credit not available on Demo vehicles
Input Tax Credit
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…
Judgement
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…