input tax credit

MOhit singhal (ca final student) (74 Points)

09 December 2017

can i take credit of the vehicle puchase for delivery of goods to customers without charging any freight charges

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5 Replies

manish (student) (187 Points)
Replied 09 December 2017

No as per rule 17(5) Vehicles Tax credit not allowed for taking as input.

RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 09 December 2017

No... ITC not available..

MOhit singhal (ca final student) (74 Points)
Replied 10 December 2017

but for transportation of goods it is allowed

RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 10 December 2017

Only to transport business..

MOhit singhal (ca final student) (74 Points)
Replied 10 December 2017

is there any clarification that provision is specifically for tranport business?? and not for any other business

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