The recent CBIC clarification via Circular No. 231/25/2024-GST dated 10.09.2024 itc Allowed demo car
This query is : Resolved
05 February 2025
The recent CBIC clarification via Circular No. 231/25/2024-GST dated 10.09.2024 indeed resolves the ambiguity by confirming that ITC is allowed on demo vehicles, provided they are used for further supply and capitalized in the books of accounts.
My Question is :-1)Can We claim ITC as above notification basic Demo Car Insurance ?
2)also We can claim itc Repair and Maintenance demo Car ?
My Question is :-1)Can We claim ITC as above notification basic Demo Car Insurance ?
2)also We can claim itc Repair and Maintenance demo Car ?
12 August 2025
https://docs.google.com/document/d/1bAqk0Kh76vHt0rW8SnNtfVcjihIJxT_z3mYySPxo6tU/edit?usp=sharing
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