Can we claim ITC on motor vehicles used for Business purpose? Can we claim compensation cess too?if
1. Normal business?
2. What if my business is GTA?
1. if normal business , No.... only in the condition laydown in section 17(5):
(A) further supply of such vehicles or conveyances ; or
(B) transportation of passengers; or
(C) imparting training on driving, flying, navigating such vehicles
or conveyances;
(ii) for transportation of goods;
2. If GTA : yes as per Notification 22/2017 You can take ITC , but you have collect GST @ 12% on your outward supplies
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