AAAR allows input tax credit on purchase/fabrication of cash-carry vans

Cash does not attract GST, but a cash van does. After a long legal battle, an Appellate Authority for AAR (AAAR) has ruled that Input Tax Credit in respect of ‘cash carry vans’ —used to transport cash — is to be made available. The appellant, CMS Info System, is into cash management. Its activities involve providing ATMs and installing the same at various locations, managing cash circulation by tr…