07 September 2017
whether we can take input tax credit on repairs and maintenance of motor vehicles (motor cycle or car) in the name of firm used for the purpose of business .
we are not trading in business of motor vehicles.
07 September 2017
section 17(5) indicates ITC shall not be available in respect of motor vehicles and other conveyances.
sec 17(5) does not say anything about repairs and maintenance of motor vehicles.
It is deemed that ITC on repairs and maintenance of motor vehicles will also be not allowed?
CAclubindia
