https://www.taxtmi.com/caselaws?id=368548 The ruling determined that input tax credit on a motor car purchased for demonstration purposes by a motor car dealer can be availed as credit on capital goods and set off against output tax payable under GST. The demo cars, essential for sales promotion, are capitalized in the books of accounts and sold at the written down book value after a specific period of use, making the dealer eligible for input tax credit under Section 16(1) of the GST Act. The ruling is subject to the conditions outlined in Section 18(6) of the GST Act. en-us Wed, 26 Sep 2018 00:00:00 +0530 Wed, 05 Mar 2025 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368548 The ruling determined that input tax credit on a motor car purchased for demonstration purposes by a motor car dealer can be availed as credit on capital goods and set off against output tax payable under GST. The demo cars, essential for sales promotion, are capitalized in the books of accounts and sold at the written down book value after a specific period of use, making the dealer eligible for input tax credit under Section 16(1) of the GST Act. The ruling is subject to the conditions outlined in Section 18(6) of the GST Act. Case-Laws GST Wed, 26 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368548