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of <h1>Input Tax Credit Available for Demo Vehicles Used by Authorized Dealers, Clarifies Circular; Conditions Apply for Capital Goods.</h1> The circular clarifies the availability of input tax credit (ITC) for demo vehicles used by authorized motor vehicle dealers. It states that ITC is generally not available for motor vehicles with a seating capacity of up to 13 persons unless used for further supply, passenger transport, or driving training. Demo vehicles, used to promote sales, qualify for ITC as they are considered used for further supply. If demo vehicles are capitalized, they are deemed 'capital goods,' allowing ITC, unless depreciation is claimed on the tax component. ITC is unavailable if vehicles are used for non-supply purposes or if the dealer acts merely as a service provider.
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