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of <h1>West Bengal Tax Circular: ITC Available for Demo Vehicles Used by Authorized Dealers, Subject to Certain Conditions.</h1> The circular from the West Bengal Directorate of Commercial Taxes clarifies the availability of input tax credit (ITC) for demo vehicles used by authorized motor vehicle dealers. Demo vehicles, used for trial runs and demonstrations, are considered capital assets. ITC is generally unavailable for motor vehicles with a seating capacity of up to 13, unless used for further supply, passenger transport, or driving training. Demo vehicles can be considered as used for further supply, thus eligible for ITC, unless used for other purposes like staff transport. If demo vehicles are capitalized, ITC remains available unless depreciation is claimed on the tax component. If sold, tax must be paid as per relevant provisions.
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