No Input Tax Credit for purchase of Motor Vehicles used for Cash Management Business and supplied post usage as Scrap: AAAR [Read Order]

The Appellate Authority for Advance Ruling (AAAR), Maharashtra ruled that the input tax credit cannot be allowed on the purchase of motor vehicles used for cash management business and supplied post usage as scrap. The authority was deciding the issue whether the money being transported by the Appellant in the cash carry vans is “goods” […]

The post No Input Tax Credit for purchase of Motor Vehicles used for Cash Management Business and supplied post usage as Scrap: AAAR [Read Order] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2MRcKdJ