https://www.taxtmi.com/highlights?id=64444 Availment and setting off of Input tax credit (ITC) - purchases of demo vehicles - car dealer - The demo vehicles are purchased all along for further supply with the condition that they will be kept for a specific period of time - the purchase of demo vehicles and further supply of the same satisfies the condition laid down in section 17(5)(a)(A) of the GST Act. - The applicant is eligible to avail input tax credit on purchases of demo vehicles which can be set off against output tax payable under GST. - AAR en-us Tue, 05 Jul 2022 14:36:58 +0530 Tue, 05 Jul 2022 14:36:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=64444 Availment and setting off of Input tax credit (ITC) - purchases of demo vehicles - car dealer - The demo vehicles are purchased all along for further supply with the condition that they will be kept for a specific period of time - the purchase of demo vehicles and further supply of the same satisfies the condition laid down in section 17(5)(a)(A) of the GST Act. - The applicant is eligible to avail input tax credit on purchases of demo vehicles which can be set off against output tax payable under GST. - AAR Highlights GST Tue, 05 Jul 2022 14:36:58 +0530 https://www.taxtmi.com/highlights?id=64444