Demo Vehicle

What is Your business...?

Royal Enfield bullet showroom

Will be shown as stock and itc of gst will be available whether it is capital asset or input

Company asked to keep the demo bike for two and half years. So whether it will not be treated as fixed assets

No issue stock can also be kept for longer unless it is of perishable nature

@ Amit
is it so that you keeping demo bike on behalf of Company or you paid for it ?

Are you going to return bike after 30 months ?

If you paid for it then who will bear wear and tear for 2.5 years ?

How is disposal terms for bike after 2.5 years

Depending upon terms of distributor You may keep as FA and claim depreciation on it.