Itc
This query is : Resolved
29 January 2019
Can a hotel avail ITC at one instance on purchase of bus for transportation of visitors?
29 January 2019
No, it's capital item ITC can be claimed over a period of 60 months.
31 January 2019
Over a period of 60 month applicable where sale turnover involves both taxable and exempted sale.As total sale turnover belongs to taxable sale and no depreciation is claimed on total invoice value,can the full ITC be claimed in one time.
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