https://www.taxtmi.com/caselaws?id=391128 The authority concluded that the applicant is entitled to avail Input Tax Credit (ITC) on the inward supply of motor vehicles used for demonstration purposes and can utilize the ITC for payment of output tax payable under the GST Act. The applicant's demo vehicles, essential for their business and capitalized in their books, qualify as capital goods under Section 2(19) and meet the criteria for ITC under Section 17(5) as they are eventually sold, making further supplies. The order allows the applicant to avail ITC and use it for payment of output tax. en-us Thu, 26 Dec 2019 00:00:00 +0530 Sat, 15 Mar 2025 13:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391128 The authority concluded that the applicant is entitled to avail Input Tax Credit (ITC) on the inward supply of motor vehicles used for demonstration purposes and can utilize the ITC for payment of output tax payable under the GST Act. The applicant's demo vehicles, essential for their business and capitalized in their books, qualify as capital goods under Section 2(19) and meet the criteria for ITC under Section 17(5) as they are eventually sold, making further supplies. The order allows the applicant to avail ITC and use it for payment of output tax. Case-Laws GST Thu, 26 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391128