ITC Claim
subhagan sreerangam (7056 Points)
21 May 2018
I am running in bakery.I purchased a delivery vehicle for movement of items from bakery to sellers.The input tax credit is avsilable
7 Replies
CA Naveen Chand
(Chartered Accountant)
(12734 Points)
Replied 21 May 2018
input tax credit is not allowed on moter vehicles
CA Naveen Chand
(Chartered Accountant)
(12734 Points)
Replied 21 May 2018
but allowed if used for making supplies
CA S Praveen Kumar Reddy
(Chartered Accountant)
(2195 Points)
Replied 21 May 2018
Not allowed u/s 17(5)
Vinod Babu
(24196 Points)
Replied 21 May 2018
I think ITC can be taken because it is fully used for business purpose for outward supplies.
SRIKANTH
(business man)
(51 Points)
Replied 25 June 2018
if they used for business and get on yellow plate they can clime
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