we are providing exempted transportation services and GTA service.
we purchased a new vehicle for using our transportation services like exempted and GTA service.
can we take itc of newly purchased vehicle, its spare parts and services.
Please advice at earliest.
Thanks in advance.
In case of transportation and GTA service not mandatory to register
so ITC not available
If you are registered,then itc is claim only on taxable supply
It means that further supply is exempt,then ItC is reversed
In case of any discrepancy in above content please comment me
CAclubindia
