INPUT TAX CREDIT ON ACE VEHICLE
This query is : Resolved
26 November 2022
Can we take ITC on ACE pickup. Client is an ecommerce operator and trader, it has purchased vehicle for transportation of goods. Whether anything to be mentioned in RC book that vehicle is used for transportation of goods? Please clarify.Also whether we can take itc on general insurance expenses on this vehicle?
26 November 2022
No need to be mentioned in the RC book.
ITC can be taken including insurance if vehicle is used for transportation of goods.
ITC can be taken including insurance if vehicle is used for transportation of goods.
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