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![Setback to BMW: No ITC for Vehicles Received under Stock Transfer for Specified Business Activities unless for further Supply or Sale, rules AAAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Setback-BMW-ITC-Vehicles-Stock-Transfer-Specified-Business-Activities-Supply-or-Sale-AAAR-Taxscan.jpg "Setback to BMW: No ITC for Vehicles Received under Stock Transfer for Specified Business Activities unless for further Supply or Sale, rules AAAR [Read Order]")
Setback to BMW: No ITC for Vehicles Received under Stock Transfer for Specified Business Activities unless for further Supply or Sale, rules AAAR [Read Order]
The Haryana Appellate Authority for Advance Ruling ( AAAR ) has held that ITC is not allowed for vehicles received under stock transfer for specified...
![VAT Authorities cannot Impose Tax and Compounding Fee Simultaneously for not having Transmit Pass at the Time of Stock Transfer: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/01/VAT-Taxscan.jpg "VAT Authorities cannot Impose Tax and Compounding Fee Simultaneously for not having Transmit Pass at the Time of Stock Transfer: Madras HC [Read Judgment]")