GST Input Tax Credit available on Demo Vehicles, can be Set Off against Output Tax payable: AAR [Read Order]

By Taxscan Team - On July 20, 2022 2:07 pm - 2 mins read

GST - Input Tax Credit - Demo Vehicles - Output Tax - AAR - taxscan

The Authority for Advance Rulings (AAR), West Bengal bench has held that the input tax credit is available on the demo vehicles and the same can be set off against the output tax payable under the Central GST Act, 2017. The applicant, M/s Toplink Motorcar Private Limited, is an authorized dealer of Hyundai Motor India…

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