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Case Law Details

Case Name : In re Khatwani Sales And Services LLP (GST AAR Madhya Pradesh)
Related Assessment Year :
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In re Khatwani Sales And Services LLP (GST AAR Madhya Pradesh)

Q. Whether Input tax credit on the Demo vehicle purchased can be availed as the same will be capitalized in books.

Ans: The Applicant has submitted that the firm will not claim depreciation on the tax component of Demo Vehicles which are capitalized in the books of accounts. We find that not Charging depreciation on the tax component is as per other relevant provisions of the GST Act. But that

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