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Itc related queey

Pawan Gupta (401 Points)

07 October 2020

In may 2018 i have claimed itc on vehicle purchase is it wrong or right

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3 Replies

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 07 October 2020

If Vehicle is Goods carriage (i.e commercial vehicles) than you are right, you can claim.

But if vehicle is passenger vehicles, than its wrong, you can not claim ITC on passenger vehicle except your are a vehicle dealer, runing moter training classes ect..

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Pawan Gupta (401 Points)
Replied 07 October 2020

I use the vehicle for supplying of goods

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 07 October 2020

Pawan ji, if you are using vehicle for Supply of Goods and that vehicle is Goods carriage Vehicle (i.e commercial vehicle) than you are right.

But if it's car, and you are using it for Supply of Goods, than also ITC is not applicable.