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| September 2023 (Week 2) | ||
GST NEWS BULLETIN
No ITC is available on test drive vehicles when retained as replacement vehicles
The AAR, Telangana, in M/s. Sai Service Pvt. Limited [TSAAR order no. 13 of 2023 dated August 01, 2023] ruled that Input Tax Credit (“ITC”) cannot be availed on test-drive vehicles when retained in a workshop as a replacement vehicle...
Herbal Body Oil for soft, smooth, glowing & healthy skin attracts GST @ 28%
The AAR, West Bengal, in Indranil Chatterjee [Advance Ruling No. 19/WBAAR/2023-24 dated August 10, 2023] held that Jac Olivol Body Oil which serves the primary function of care of skin and not cure of skin will be classified under HSN 3304 and attracts GST @ 28%.....
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