Can ITC allowed to transporter who purchase base oil ,which is used in heavy vehicle(dumper, tipper, jcb etc) as fuel, and also used in repair & mantainece of heavy vehicle?
or Not allowed to transporter.
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ITC on purchase of Base Oil HSN (27101960)
Replies (2)
If transporter pay tax on forward charge, then ITC available . If tax paid the receipient on RCM basis the. ITC not available.
Sec 17(5)
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