can we avail input against purchase two wheeler like activa for marketing in distribution and supply purpose
7 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 27 June 2018
No... ITC not available...
Shivam RC
(Student)
(23683 Points)
Replied 27 June 2018
No Sir....
You cannot avail the benefit of Input Tax Credit (ITC) on Motor Vehicles Purchased...
You cannot avail the benefit of Input Tax Credit (ITC) on Motor Vehicles Purchased...
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 27 June 2018
No you cannot avail ITC ,..as block u/s 17(5)
Rammi_RP Rawat
(Accountant )
(386 Points)
Replied 27 June 2018
No. You can't...Avail the benefit of ITC
T.T.VIJAYAPRAKASH
(properter)
(253 Points)
Replied 28 June 2018
can we avail input against purchases of a car for business use for firm names? are deprecation avail?
THANK YOU
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 28 June 2018
| Originally posted by : T.T.VIJAYAPRAKASH | ||
 |
can we avail input against purchases of a car for business use for firm names? are deprecation avail? THANK YOU |
 |
No... ITC not available...
But.,
You can book the Total values under Fixed Asset and Claim depreciation on the value.
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