Indirect Taxes: ITC on Demo Cars and Reimbursement Ruling

The AAR ruled that input tax credit can be claimed on demo cars under indirect taxes, with reimbursements from MB India classified as taxable service income.The AAR ruled that input tax credit can be claimed on demo cars under indirect taxes, with reimbursements from MB India classified as taxable service income.

Indirect Taxes: ITC on Demo Cars and Reimbursement Ruling

The AAR ruled that input tax credit can be claimed on demo cars under indirect taxes, with reimbursements from MB India classified as taxable service income.The AAR ruled that input tax credit can be claimed on demo cars under indirect taxes, with reimbursements from MB India classified as taxable service income.