https://www.taxtmi.com/caselaws?id=762417 HC ruled on Input Tax Credit (ITC) for demo vehicles, affirming dealers can claim ITC on demo vehicles if capitalized in accounting records. The court referenced GST circulars clarifying demo vehicles as capital goods, subject to specific conditions. ITC benefits were granted, overturning a previous order denying tax credits. The judgment emphasized compliance with CGST Act provisions and tax obligations when capitalizing and potentially selling demo vehicles. en-us Tue, 12 Nov 2024 00:00:00 +0530 Mon, 19 May 2025 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762417 HC ruled on Input Tax Credit (ITC) for demo vehicles, affirming dealers can claim ITC on demo vehicles if capitalized in accounting records. The court referenced GST circulars clarifying demo vehicles as capital goods, subject to specific conditions. ITC benefits were granted, overturning a previous order denying tax credits. The judgment emphasized compliance with CGST Act provisions and tax obligations when capitalizing and potentially selling demo vehicles. Case-Laws GST Tue, 12 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762417