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of <h1>Goa Finance Department Clarifies Input Tax Credit Eligibility for Demo Vehicles u/s 17(5)(a) of GST Act 2017.</h1> The Government of Goa's Department of Finance has issued a circular clarifying the availability of input tax credit (ITC) for demo vehicles under the Goa Goods and Services Tax Act, 2017. Demo vehicles, used by authorized dealers for test drives and showcasing features, are considered capital assets. The circular specifies that ITC is available for demo vehicles if they are used for further supply of similar vehicles, as per Section 17(5)(a) of the Central Goods and Services Tax Act, 2017. However, ITC is not available if demo vehicles are used for other purposes, such as staff transportation or marketing services for manufacturers.
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