We have purchased a tempo for the delivery of goods to our clients instead of paying transportation charges to a GTA.
Can we avail of ITC on the tax paid on tempo purchase?
Please suggest. Thanks.
2 Replies
CA Rakesh Joshi
(Chartered Accountant )
(1272 Points)
Replied 04 October 2018
Yes.. this is an exception to Section 17(5) Blocked credits. Hence can be availed as ITC.
pankaj kumar mishra
(ACCOUNTANT)
(167 Points)
Replied 04 October 2018
you can avail the ITC against tempo
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