ITC on Activa

Page no : 2

Aslam Mansury (59 Points)
Replied 17 June 2019

so for safer side you should not claim itc

Upgrade to CAclubindia Pro. Subscribe Now!

Hiren Patel (Chartered Accountant) (91 Points)
Replied 17 June 2019

Yes, you can take ITC. Although it's under blocked credit u/s 17(5), however there is exception under which you can get ITC

vinodkumar (CA finalist ) (24 Points)
Replied 18 June 2019

According to me if the capital good is used for making the taxable outward supply then on that capital good input tax credit can be claimed . Here it is used to claimed for making the taxable outward supply in the course or furtherance of the business.

vinodkumar (CA finalist ) (24 Points)
Replied 18 June 2019

RAJAN KUMAR (ARTICAL ASSISTANT) (25 Points)
Replied 18 June 2019

yes, itc available since sec 17(5) allows conveyance used for 1. Further Supply of such vehicle 2. Transportation of psssengers 3. transporting of goods