Applicant, Goods transport agency service provider, is entitled to avail ITC on cars (passenger vehicles) which are further supplied to customers on lease rent, subject to condition applicable in such supply of services as per notification number 11/2017-Central Tax(Rate) Dated 28-6-17.
At the termination of lease agreement/contract, if the vehicle is not further leased to same or other customer, the applicant shall be liable to reverse the ITC so availed as per law and such vehicles should abide by the norms and regulations of the Motor Vehicle Act. in accordance to be registered for commercial use with the Transport authority and not be put to own use by the applicant
AUTHORITY FOR ADVANCE RULINGS, MADHYA PRADESH
Narsingh Transport, In re
RAJIV AGRAWAL AND MANOJ KUMAR CHOUBEY, MEMBER
CASE NO. 25 OF 2018
ORDER NO. 02 OF 2019
FEBRUARY 18, 2019
Krishnkant Singh for the Applicant.
No ITC on free supply of electric items to flood affected Kerala under CSR expense : AAR
No ITC on Gift of Gold Coins to customer at end of Scheme : AAR
No Input tax credit on ambulance for Employees before 01.02.2019 : AAR
No Input Tax Credit on services for employees township/colony and Guest House : AAAR
No ITC on Warehouse constructed using pre-fabricated structure as it is immovable property : AAR
No ITC for GST paid on intra-state supply in a state where Taxpayer is not registered : AAR
ITC of IGST paid on ‘bill to ship to’ model admissible : AAR
No ITC on Goods & Services used for creating sheds & Foundation of Plant & Machinery : AAR clarify
Education Cess, SHE Cess and Krishi Kalyan Cess can not be claimed as ITC : MAHARASHTRA AAR
How ITC can be claimed in Civil Work, Mechanical Works and Electrical Work : AAR Clarify
Entitlement to take Input Tax credit on various goods and services used for maintenance of applicant’s township, guest house, hospital, horticulture in its ordinary course of business.
No input tax credit if value in invoice is Zero : AAR
Input Tax Credit not available on Cash carry vans sold as scrap after using those in business : AAR
Pingback: TaxHeal - GST and Income Tax Complete Guide Portal