ITC available to Demo Vehicles: Punjab and Haryana HC Quashes AAAR ruling against BMW [Read Order]

It was held that the petitioner is entitled to the benefit of ITC in the aforesaid terms, with consequent actions to follow
By Yogitha S. Yogesh - On November 21, 2024 1:42 pm - 3 mins read
Haryana High Court - AAAR Tax on Vehicles - Tax on demo vehicles - Vehicles tax - BMW Tax - TAXSCAN

In a ruling in favour of BMW India Pvt. Ltd, the Punjab and Haryana High Court held that Input Tax Credit is Available to Demo vehicles and quashed the ruling given by Appellate Authority of Advance Ruling ( AAAR ) which is contrary to the same.. A clarification of availability of Input Tax Credit in…

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