Can a company claim ITC on vehicles given on lease to another company?
Sri Bhargavi (Chartered Accountant) (68 Points)
15 December 2018Can a company claim ITC on vehicles given on lease to another company?
ANIMESH CHOWDHARY
(Practicing CA)
(305 Points)
Replied 15 December 2018
You can claim ITC on Motor Vehicle if used for Furtherance course of business. If you have given it on lease & If it is your Business, then yes, you can claim ITC.
Pankaj Rawat
(GST Practitioner)
(55047 Points)
Replied 16 December 2018
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