No ITC on Demo vehicles purchased even though in the course of business
Last updated: 17 February 2021
Court :
AAR Madhya Pradesh
Brief :
The Hon’ble AAR Madhya Pradesh in M/s. Khatwani Sales and Services LLP [Order No. 13/2020 dated July 23, 2020] held that since the demo vehicles do not comply to any of the conditions prescribed in Clause (A), (B) and (C) of Section 17(5)(a) of the Central Goods and Service Tax Act, 2017 ('CGST Act'), therefore no Input Tax Credit ('ITC') can be claimed on the demo vehicles purchased by the authorized dealer of KIA.
Citation :
Order No. 13/2020 dated July 23, 2020
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Bimal Jain
Published in GST
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