If i purchase a motor vehicle for business
purpose & motor vehicle is used for transportation of goods.Can I take credit for motor vehicle purchased. ?
5 Replies
Mayur Patil
(Article)
(1276 Points)
Replied 06 December 2018
Yes you can avail the ITC. There's not any restrictions u/s 17(5).
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 06 December 2018
Yes you can avail ITC if its being used for delivery of goods
Recent Topics
- Urgent doubt on GST
- Profit or Loss on Sale of Assets Accounting treatm
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
- I want to knw Hsn code and gst rate of resin produ
- Schedule FA clarification
- Income tax on freelance income from crypto
- ITC temporary reversal and reclaim
- Query on Transactions
Related Threads
CAclubindia
