CAN ITC BE CLAIMED ON ACTIVA PURCHAED BY COURIER AGENCY FOR SUPPLYING GOODS?
Menu
ITC on Activa
Replies (19)
According to me ,No you cant claim ITC for two wheelers purchased for business
thanks but as according to sec 17(5) vehicle used for Transportation of goods are eligible for itc so here also it is used for supply of goods?
Yes, ITC available.
What kind of goods do you supply on activa?
goods can be of any type but the question is weather
*whether the itc available as per 17(5) itc on transportation of goods are eligible
Yes ITC allowed in your case...
thanks but if it is used proportionately for business and personal purpose say 50-50% for both then in that case 50% itc would be available
no you can not claim itc
It is safe not to claim ITC in this case.
can you please explain the reason for itc not available because I am not talking out of section ,sec 17(5) allows itc on vehicle purchased for transportation of goods so please explain why itc will not be available?
@ Aditi @ vishal In my opinion too ineligible in terms of 17(5). Although your point is valid if it is used for transportation of goods ITC should be eligible. But it cannot be clearly brought out as to how the activa is used in transportation of goods.
most probably in your case that it may be use for personal use
@ Aditi @ vishal In my opinion too ineligible in terms of 17(5). Although your point is valid if it is used for transportation of goods ITC should be eligible. But it cannot be clearly brought out as to how the activa is used in transportation of goods.
Recent Threads
- Taxation for sale and purchase of REIT shares
- PAN - AADHAR LINK
- RECONCILIATION OF GSTR 2B Vs BOOKS WITH VBA
- Regarding cancellation of GST Number
- GST on business receipts pre -registration
- A Restaurant registered under the Composition Sche
- GST RATE OF OUT DOOR CATERING
- Non resident taxation & income tax in India
- GST Rate for oral Hygiene Combo Pack
- GST registration - Address error
Related Threads
CAclubindia
