Purchase commercial vehicle for business purpose with GST invoice
can i claim set off?
3 Replies
Shine Cyriac
(47 Points)
Replied 09 August 2022
you can set off the ITC with life of the asset. If it is 60 months then ITC for each month is 1/60th of total ITC
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 10 August 2022
@ Shine Cyriac , Not at all, this rule is for reversal
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