Claim of itc on new vehicle purchase


(Querist)
10 February 2019
Sir, I am running a small industry manufacturing paper plates etc. I have to purchase a new car which will be used for business purpose only, like travelling for purchases, sales and other recovery purposes. May I claim ITC on the same ?


KAVIRAJA ADDANGADI (Expert)


Click to Talk 11 February 2019
ITC not available
motor vehicles and other conveyances except when they are used –
(i) for making the following taxable supplies, namely:—

(A) further supply of such vehicles or conveyances; or
(B) transportation of passengers; or
(C) imparting training on driving, flying, navigating such vehicles or conveyances;
(ii) for transportation of goods;”


You need to be the querist or approved CAclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :






×
close
CA Learning
Online GST Class    |    x