https://www.taxtmi.com/article/detailed?id=8950 Demonstration motor vehicles that are capitalized in the dealer's books and used to provide trial runs qualify as capital goods used in the furtherance of business and therefore entitle the dealer to input tax credit under Section 16(1); the exclusion in Section 17(5)(a) does not bar credit where such vehicles are subsequently sold as a taxable supply, so ITC on demo vehicles can be availed and set off against output tax payable. en-us Sat, 08 Feb 2020 17:43:31 +0530 Sat, 08 Feb 2020 17:43:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8950 Demonstration motor vehicles that are capitalized in the dealer's books and used to provide trial runs qualify as capital goods used in the furtherance of business and therefore entitle the dealer to input tax credit under Section 16(1); the exclusion in Section 17(5)(a) does not bar credit where such vehicles are subsequently sold as a taxable supply, so ITC on demo vehicles can be availed and set off against output tax payable. Articles Goods and Services Tax - GST Sat, 08 Feb 2020 17:43:31 +0530 https://www.taxtmi.com/article/detailed?id=8950