Maharashtra AAR rule that ITC can’t be claimed on indirect expenses when dealer is engaged in selling of second hand goods
Maharashtra Authority for Advance Ruling (Mah AAR) ruled that Input Tax Credit cannot be claimed on Indirect Expenses like rent, commission, professional fees, telephone incurred for purpose of business.
Source Taxguru
Latest Posts in "India"
- Madras HC Remands RCM-ITC Dispute Over Self-Invoice and Section 16 Limitation
- GSTN Delays Proposed e-Way Bill Enhancements Until Further Notice
- Bombay HC Grants Interim Relief in Leasehold Rights GST Dispute
- Industry Seeks Three-Month Delay for GST E-Way Bill Changes
- GST panel may allow transfer of unused tax credit within corporate groups
