Can i claim itc for scooty purchase on company name

18 February 2018

i want to buy a scooty on company name can i avail ITC benifit?

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4 Replies

amarender putta (30 Points)
Replied 18 February 2018

U can't claim ITC on purchase of scooty.. Because ur business is not on same line.. Means ur business is not that purchasing and selling of scoties

Meghna Jain (Partner) (43 Points)
Replied 18 February 2018

for any other assistance mail us at meghna @ syla.in

KUNDAN KUMAR (3 Points)
Replied 18 February 2018

But i am purchasing this for marketing use

kanishk (student) (58 Points)
Replied 18 February 2018

u can't take credit as scooty falls under motor vehcile definition in motor vehicles act and such credit is blocked as per sec 17(5)

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