CIRCULAR

Circular Subject
Circular No. 231/25/2024-GST dt.10.09.2024 [para 4] Clarification on availability of input tax credit in respect of demo vehicles.

ADVANCE RULING

Particulars Crux
2024(04)LCX0119(AAR)

AAR-WEST BENGAL

Landmark Cars East Private Limited

Applicant can claim ITC on cars used for demonstration purposes, provided they are subsequently sold after a specified time period.

COMMUNITY INSIGHTS

Topic

Publish Date

Transportation Facilities Provided to Employees-GST Implications

To build the strong relationship with the employees, the company provides many facilities to their employees like canteen facilities, accommodation services, transportation facilities and many other facilities. In this respect the nominal amounts are being charged by the company from their employees in form of consideration. Hence the common question that usually arises here is that whether the GST would be applicable on such nominal amount recovered from the employees..................... Read More

18.01.2025

ITC on Demo Vehicles

Demo vehicles are the vehicles that are usually purchased by the dealers from the manufacturers of the vehicles for the purpose of providing trial run and for demonstrating features of the vehicle to their customers/buyers. Firstly, the manufacture of the vehicle sells the vehicle to their dealers against tax invoice and the dealers use such vehicles for demonstration purpose and thereafter sold such vehicles by paying applicable tax at that point of time.............. Read More

14.09.2024