can we tack ITC of vehicle used for movement of cash from shop to bank
we are in retail industry. and having huge cash balance on daily basis
5 Replies
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 10 June 2020
No you cannot .... As it's block U/S 17(5).
Note : For banks ITC is available subject to conditions prescribed in Section 17(4) of CGST Act
Note : For banks ITC is available subject to conditions prescribed in Section 17(4) of CGST Act
Recent Topics
- Claim if ITC on stocks 19-2020 conversion from com
- Urgent doubt on GST
- Profit or Loss on Sale of Assets Accounting treatm
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
- I want to knw Hsn code and gst rate of resin produ
- Schedule FA clarification
- Income tax on freelance income from crypto
- ITC temporary reversal and reclaim
Related Threads
CAclubindia
