Case LawCWP-7235-2022
BMW India Pvt. Ltd. Vs Appellate Authority for Advance Ruling for the State of Haryana
- Court:
- High Court
- Bench:
- Punjab and Haryana
- Date:
- November 11, 2024
- Type:
- Writ Petition
- Members:
- SANJEEV PRAKASH SHARMA, SANJAY VASHISTH
Subject
Demonstration vehicles capitalized by dealers are considered capital goods for ITC purposes.
Input Tax Credit
Summary
The Punjab and Haryana High Court in the case of **BMW India Pvt. Ltd. vs. Appellate Authority for Advance Ruling for the State of Haryana** examined the entitlement of Input Tax Credit (ITC) for demo vehicles used by authorized dealers to promote sa…
Judgement
FULL TEXT OF THE JUDGMENT/ORDER OF PUNJAB AND HARYANA HIGH COURT A clarification of availability of Input Tax Credit in respect of demo vehicles, has been issued vide Circular No.231/25/2024-GST (F.NO.CBIC-20001/6/2024-GST], dated 10.09.2024, wherein, it has been held as under:- “ 5. Availability of input tax credit on demo vehicles in cases where such vehicles are capitalized in the b…