Menu
Transfer of vehicle under lease to GTA
please clarify about input on purchase of vehicle
Replies (5)
Hi Shivanna!
As a general rule ITC on purchase on vehicles is not allowed with exceptions for those who are in transportation business etc. Please specify the purpose and business.
Thanks
CA Aanchal Aggarwal
Vehicle purchase for transport Business and to be leased to GTA URD
Which vehicle & seating capacity of vehicle.
If it is a vehicle designed for transportation of goods then ITC available
Thank you
Recent Threads
- GST ON QUERY
- Initimation on AIS
- GST on sponsorship from foreign body corporate
- Revised Income tax return karna padega kya
- Registration as deductor on traces site
- Rental Income from a Joint Holding property
- Itr 4 return filing question
- Whether GST applicable on Hardship Compensation pa
- ITC cannot be denied to Bona Fide Buyers for Suppl
- Unused ITC for Hotel after GST Change
Related Threads
CAclubindia
