| Originally posted by : Pankaj Rawat | ||
 |
As Section 17(5) , input tax credi.t shall not be available in respect of the following,namely:—(a) motor vehicles and other conveyances except when they are used––(i) for making the following taxable supplies, namely:—(A) further supply of such vehicles or conveyances ; or(B) transportation of passengers; or(C) imparting training on driving, flying, navigating such vehiclesor conveyances;(ii) for transportation of goods;43 of 1961.1. in above plz read the phrase "shall not be IN RESPECT OF" means in regard to vehicle. & below define the condition in only which he can avail ITC, 2. The phrase "Shall not Be° would have written 'May Not Be'So in my vew No ITC can be claim |  |
The Above mentioned provisions talk w.r.t Purchase of Motor Vehicle/Conveyance.
CAclubindia
