Itc on own vehicle

mudit gupta (CA) (330 Points)

30 September 2021

itc is taken on commercial truck purchaseed for moving of own goods

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5 Replies

CA KAMAL MADAN (CHARTERED ACCOUNTANT) (147 Points)
Replied 30 September 2021

Yes if you r collecting freight from your client

mudit gupta (CA) (330 Points)
Replied 30 September 2021

No fright collection because it is my truck

CA KAMAL MADAN (CHARTERED ACCOUNTANT) (147 Points)
Replied 30 September 2021

Whether you charged freight from your customer?

mudit gupta (CA) (330 Points)
Replied 30 September 2021

I am proprietor of HP gas agency and use to truck to distribute gas cylinder

Rajendra Prasad (Employee Private) (1895 Points)
Replied 01 October 2021

There is no any restriction. You can avail ITC, if your out ward supply is Taxable.

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