Royaldrive Pre Owned Cars LLP ., In re
Date: February 14, 2024
Subject Matter
ITC available on both direct and indirect expenses involved in the business of selling second-hand luxury cars
Summary
The applicant sought clarity on the admissibility of input tax credit (ITC) for tax paid on activities related to the buying and selling of old and used luxury cars. The applicant is a registered taxpayer engaged in this business and operates under t…
FULL TEXT OF THE ORDER OF AUTHORITY FOR ADVANCE RULING, KERALA 1. M/s. Royaldrive Pre Owned Cars LLP, TM Building, Machingal, Melmuri, Malappuram (hereinafter referred to as “applicant”) is a limited liability partnership registered under CGST and KSGST Act bearing GSTIN 32AAUFRO385F1Z2 engaged in the business of inward and outward supply of old and used luxury cars. 2. At the ou…