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ITC On Insurance of Business Purpose use Vehicle (TATA Ace)

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(Querist)
10 July 2020 Hi,

We have TATA Ace Vehicle for supply of Material to our customer, We have insurance for this vehicle in my 2A there is ITC Showing Can i take the ITC of this.

Thank You.
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Lekhraj sood

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Lekhraj sood (Expert)
12 July 2020 Yes you can take ITC on the vehicle used for goods transportation as per section 17(5) of CGST Act.

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