The Maharashtra Authority for Advance Ruling (AAR) held that Input tax credit (ITC) charged on inward supply of demo cars which is used for Demonstration purpose in the course of business of supply of Motor Vehicle as an input tax credit (ITC) on capital goods and the same can be utilized for payment of output […]
The post Dealers eligible for ITC on Demo Cars: AAR [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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