Input Tax Credit Allowed for Second-Hand Luxury Cars: Evaluation, Refurbishment, and Parts Under CGST Act Sections 16-21.
Case-Laws
GST
Availability of input tax credit is restricted on inward supplies like spare purchases, repairs, and refurbishment costs, except for old or used motor vehicles as per Notification 8/2018-Central Tax (Rate). The applicant, a registered taxpayer dealing in second-hand luxury cars, can claim input tax credit on expenses related to vehicle evaluation, refur
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