Input Tax Credit Denied for Demo Vehicles Used as Business Assets, Not for Resale, Under GST Act Provisions.
Case-Laws
GST
Inward supply of motor vehicles used for demonstration purposes in the course of business of supplying motor vehicles cannot be availed as input tax credit on capital goods. Motor vehicles supplied for demo purpose are treated as a different category compared to those supplied for sales, and are capitalized by the dealership as per customary business practices. The
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