30 September 2021
We are in business of mining and quarrying. For business we are going to buy an excavator, should we claim ITC of the same? Is ITC on excavator fall under restricted credit that we can not claim and does Excavator fall under "motor vehicle" as per motor vehicle act.
30 September 2021
ITC on motor vehicles which are used for transportation of persons and having seating capacity less than 13 persons, not available as per the Act.
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