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DISHMAN CARBOGEN AMCIS LIMITED
(Authority for Advance Ruling, Gujrat)

Hon'ble Judges:

ATUL MEHTA
ARUN RICHARD
Pet. Counsel
Vinod Bohra
R. Subramanya
Res. Counsel
---

Petitioner / Applicant

DISHMAN CARBOGEN AMCIS LIMITED
Respondent NA
Court

AAR (Authority for Advance Ruling)

State

Gujrat

Date Jun 1, 2022
Order No.

GUJ/GAAR/R/2022/34

Citation

2022(6) TAXREPLY 5873
Original Order
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ORDER

1. The applicant, M/s. Dishman Carbogen Amcis Limited submitted that it purchased a new car [SUV of Specifications, Length > 4000 mm, and Ground Clearance > 170 mm] for Rs. 80 Lakhs on 16-02-2018 for use in its business and did not avail GST Input Tax Credit at the time of purchase as it is restricted under Section 17(5) of the CGST Act, 2017. Depreciation was claimed under the Income Tax Act, 1961 (43 of 1961). 2. The applicant has submitted that it intends to sell the same used car for a consideration of Rs. 55 Lakhs (Inclusive of all applicable taxes). The Written Down Value as per books of accounts is Rs. 47 Lakhs at the time of selling. 3. The applicant submits that it intends to sell the car and charge GST in terms of Notification 8/2018 CT(R) dated 25-01-2018. 4. Questions on which Advance Ruling sought. 1. On what value, the new car purchase by the company is sold after using it for business purpose, shall the GST be charged? 2. At what rate of GST,....

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