ITC on purchase of demo vehicle can be utilisied to discharge liability

In re Toplink Motorcar Private Limited (GST AAR West Bengal)

The applicant is an authorized dealer of Hyundai Motor India Limited for supply of different ranges of motor vehicles & also carries on business activities as an authorized service station. He purchases vehicles against tax invoices which are reflected in his books of accounts as capital assets and are used as demo cars for providing trial run to the customers to make them understand the features of the vehicles.

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