https://www.taxtmi.com/caselaws?id=403100 The ruling concluded that the applicant is not eligible for Input Tax Credit (ITC) on demo vehicles as they do not meet the exceptions in Section 17(5)(a) of the GST Act, despite being used for business purposes. The Authority clarified that ITC eligibility for motor vehicles is restricted unless used for specific purposes outlined in the relevant provisions, emphasizing that mere capitalization or future sale of demo vehicles does not override these restrictions. The ruling provides a clear decision on ITC eligibility for demo vehicles based on legal interpretations and relevant provisions. en-us Thu, 23 Jul 2020 00:00:00 +0530 Thu, 29 Jul 2021 13:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403100 The ruling concluded that the applicant is not eligible for Input Tax Credit (ITC) on demo vehicles as they do not meet the exceptions in Section 17(5)(a) of the GST Act, despite being used for business purposes. The Authority clarified that ITC eligibility for motor vehicles is restricted unless used for specific purposes outlined in the relevant provisions, emphasizing that mere capitalization or future sale of demo vehicles does not override these restrictions. The ruling provides a clear decision on ITC eligibility for demo vehicles based on legal interpretations and relevant provisions. Case-Laws GST Thu, 23 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403100