Hi..,
Please let me know weather ITC will be allowed on purchase of motor vehicle by proprietor for his business purpose.
3 Replies
Siva Raj
(358 Points)
Replied 28 February 2019
yes if vehicle capacity 13 or more then ITC available
M.M Sachora
(Tax Professional & Advisor)
(1421 Points)
Replied 28 February 2019
no itc cant be availed on motor vehicle
except
vehicle purchase for resale as retailer
for the transportation of employees
for the transportation of goods (gta)
for use of training / plying etc
NOTE: If you satisfy with my reply kindly like my comment it will increase motivation to me help other people
except
vehicle purchase for resale as retailer
for the transportation of employees
for the transportation of goods (gta)
for use of training / plying etc
NOTE: If you satisfy with my reply kindly like my comment it will increase motivation to me help other people
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