can we claim itc on trucks repairs & maintenance.
Even though company's principal business is not the supply of goods, trucks is not the output product,not a driving classes etc.
3 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 06 April 2021
Then you cannot claim ITC on such expenses
Durga Prasad
(97 Points)
Replied 06 April 2021
But they are using for the purpose of employees and not charging any cost
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 06 April 2021
As you have mentioned that company's principal business is not the supply of goods, trucks is not the output product,not a driving classes etc. for that reason it is not used for furtherance of business then you cannot claim ITC
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