Platinum Moto Corp. LLP ., In re
Date: June 28, 2021
Subject Matter
GST paid on the purchase of demo vehicles cannot be availed as ITC. AAR ruling upheld.
Summary
1. The Goods and Services Tax paid on the purchase of demo vehicles cannot be availed as Input Tax Credit and set off against output tax payable under the GST. 2. No Input Tax Credit can be availed on the ancillary input services such as insurance an…
The Facts of the case, as available from ‘Facts and Issues of Ruling’ in the Appeal submitted vide FORM ‘GST ARA-02’ by M/s Platinum Motocorp LLP, are that the Applicant is registered in GST at Gurugram as a Central Government (CBIC – Central Board of Indirect Taxes & Customs) administered taxpayer and is an authorised Dealer of Maruti Suzuki India Limited. The Ap…