Case Law Details
In re Sai Service Private Limited (GST AAAR Goa)
The Applicant is NOT entitled to avail the Input Tax Credit charged on inward supply of motor vehicles which are used for demonstration purpose in the course of business of supply of motor vehicle as input tax credit on capital goods. As by capitalising the motor car it is treated as asset for use in the business and therefore such motor car cannot be said to be held for further supply.
FULL TEXT OF THE ORDER OF APPELLATE AUTHORITY FOR ADVANCE RULING, GOA
(under Section 101 of the Central Goods and Services Tax Act, 2017 and the Goa Goods and Services Tax Act, 2017)
The present appeal has been filed under section 100 of the Goa Goods and Services Tax Act, 2017 and the Central Goods and Services Tax, Act 2017 (hereinafter referred to as the ‘SGST Act’ and ‘CGST Act’) by the Appellant M/s Sai Service Private Limited, 36/1, Alto Porvorim Goa, challenging the decision dated 30/12/2022 of the Goa AAR on their application filed u/s 97 of GST law seeking an Advance Ruling in respect of the following questions:
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