BMW India Pvt. Ltd. Vs Appellate Authority for Advance Ruling for the State of Haryana
Date: November 11, 2024
Subject Matter
Demonstration vehicles capitalized by dealers are considered capital goods for ITC purposes.
Summary
The Punjab and Haryana High Court in the case of **BMW India Pvt. Ltd. vs. Appellate Authority for Advance Ruling for the State of Haryana** examined the entitlement of Input Tax Credit (ITC) for demo vehicles used by authorized dealers to promote sa…
FULL TEXT OF THE JUDGMENT/ORDER OF PUNJAB AND HARYANA HIGH COURT A clarification of availability of Input Tax Credit in respect of demo vehicles, has been issued vide Circular No.231/25/2024-GST (F.NO.CBIC-20001/6/2024-GST], dated 10.09.2024, wherein, it has been held as under:- “ 5. Availability of input tax credit on demo vehicles in cases where such vehicles are capitalized in the b…