HC: Sets aside AARA order denying input tax credit on 'cash carry' vans

Jul 15,2019

HC sets aside order of Maharashtra Appellate Advance Ruling Authority (AARA) denying input tax credit on purchase of motor vehicles to carry cash, cites failure to consider the principal submission of the assessee; Notes the fundamental submission of the assessee before AARA that the money would stand covered by the definition of 'goods' under Section 2(52) of the GST Act so long as the same is not used as legal tender; Also notes that Sec. 17(5) of G...

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