Client hv purchased a auto (4wheel bolero) for supplying cement bags
can he claim ITC ?
Menu
ITC on auto purchase
Replies (5)
No. The purpose of the restrictive clause is to make input tax credit restricted only to commercial use.
he can claim if he used such auto for further supply...please correct me sir if I am wrong
If You RC in person base can not use for commercial and can not take itc
he is using that auto to supply goods of his business
not for personal use
not for personal use
If Regisration certificate is person basis than can not use for commercial and can not take itc
Recent Threads
- 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
- TDS on property pu
- Import of goods IMS action related
- Incometax Survey - Updated Return Filing after the
Related Threads
CAclubindia
