Summary
- The Central Board of Indirect Taxes and Customs (CBIC) has issued a crucial clarification regarding Input Tax Credit (ITC) on demo vehicles for authorised dealers.
- This clarification is detailed in Circular No. 262/08/2026-GST, dated October 26, 2026.
- The circular was released under the powers conferred by Section 168(1) of the Central Goods and Services Tax (CGST) Act.
- This guidance aims to streamline compliance for dealers and clarify the treatment of demo vehicles under GST regulations.
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