Input tax Credit available on Demo Car/ Test Drive car
Input tax paid on purchase of goods used for demonstration purpose to customer can be availed as input tax credit on capital goods and set off against output tax payable under GST
Explanation by CA Satbir Singh
AUTHORITY FOR ADVANCE RULINGS, KERALA
A.M. Motors., In re
B.G. KRISHNAN AND B.S. THYAGARAJABABU, MEMBER
ADVANCE RULING NO. KER/10/2018
SEPTEMBER 26, 2018