Community Insights

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ITC on Demo Vehicles

Demo vehicles are the vehicles that are usually purchased by the dealers from the manufacturers of the vehicles for the purpose of providing trial run and for demonstrating features of the vehicle to their customers/buyers. Firstly, the manufacture of the vehicle sells the vehicle to their dealers against tax invoice and the dealers use such vehicles for demonstration purpose and thereafter sold such vehicles by paying applicable tax at that point of time.............. Read More

14.09.2024