Purchase of Tractor for Agriculture Research Institute for Research farm ITC available - Reg.
This query is : Resolved
17 December 2024
Ours is an Agriculture Research Institute we have purchased a tractor for research fram do we get ITC?
17 December 2024
Yes, the tractor must be used in a manner that directly relates to the taxable activities of the institute. If the tractor is used solely for research activities that contribute to taxable supplies, you should be able to claim ITC. However, if the tractor is used for exempted supplies or for non-business purposes, the ITC might not be claimable.
17 December 2024
Thanking you very much sir
17 December 2024
You are welcome.
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