If tempo or truck purchases for business use, input tax credit available or not
3 Replies
Gajender
(hisar)
(26 Points)
Replied 20 February 2018
Yes, if the vehicle is essential part of your business.
For e.g. GTA, cab company, Hyundai showroom
For e.g. GTA, cab company, Hyundai showroom
RAMESH KUMAR SINGLA
(PROFESSIONAL)
(1777 Points)
Replied 20 February 2018
Any vehicle when used for transportation of goods, itc is available. Mere use for business is not enough. Pl refer to section 17(5)(a)(ii).
Mukesh Kumar
(Accounts Manager)
(1466 Points)
Replied 20 February 2018
PLS TELL US WHAT TYPE OF YOOUR BUSINESS AND WHAT IS THE USE OF VEHICLE
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