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
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