Toplink Motorcar Private Limited ., In re
Date: June 30, 2022
Subject Matter
GST liability on sale of vehicle, spares etc. can be discharged by utilizing the ITC on purchase of demo vehicle
Summary
Whether GST liability on sale of vehicle, spares etc. can be discharged by utilizing the input tax credit on purchase of demo vehicle? The standard business practice of a car dealer is to purchase vehicles including one or more demo vehicles for furt…
1.1 At the outset, we would like to make it clear that the provisions of the Central Goods and Services Tax Act, 2017 (the CGST Act, for short) and the West Bengal Goods and Services Tax Act, 2017 (the WBGST Act, for short) have the same provisions in like matter except for certain provisions. Therefore, unless a mention is specifically made to such dissimilar provisions, a reference to the CGST A…