Client hv purchased a auto (4wheel bolero) for supplying cement bags
can he claim ITC ?
No. The purpose of the restrictive clause is to make input tax credit restricted only to commercial use.
5 Replies
nikhil bhudolia
(CA FINAL)
(109 Points)
Replied 30 June 2018
he can claim if he used such auto for further supply...please correct me sir if I am wrong
Mukesh Kumar
(Accounts Manager)
(1466 Points)
Replied 30 June 2018
If You RC in person base can not use for commercial and can not take itc
santhosh
(accountant)
(128 Points)
Replied 30 June 2018
he is using that auto to supply goods of his business
not for personal use
not for personal use
Mukesh Kumar
(Accounts Manager)
(1466 Points)
Replied 30 June 2018
If Regisration certificate is person basis than can not use for commercial and can not take itc
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