GST Input tax paid on purchase of goods used for demonstration purpose

In re M/s. A.M. Motors (GST AAR Kerala) 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 FULL TEXT OF ADVANCE RULING In the motor vehicle industry, demonstration vehicle is an indispensable tool for promotion of sales by providing trial run to customers. It is a business requirement that motor car dealer shall compulsorily acquire the demonstration vehicles from principal supplier. These purchases are capitalized in the books of accounts excluding tax components. T...