Itc claim related
This query is : Resolved
30 June 2018
Hello Sir,
One of my Clients running proprietary Business by the Name ABC TRADERS. As Building material suppliers. He want to purchase a Four Wheeler for business purpose the cost of vehicle is around 28 lacks Rs.
My question is that Should he can buy Vehicle on GST No. for Claiming ITC or ITC not allowed on this ?
Or should Buy his personal Name ? what will be Right.
Plz tell Me Sir/Ma'am.
One of my Clients running proprietary Business by the Name ABC TRADERS. As Building material suppliers. He want to purchase a Four Wheeler for business purpose the cost of vehicle is around 28 lacks Rs.
My question is that Should he can buy Vehicle on GST No. for Claiming ITC or ITC not allowed on this ?
Or should Buy his personal Name ? what will be Right.
Plz tell Me Sir/Ma'am.
30 June 2018
If the four wheeler is for transportation of building materials ITC can be claimed over a period of 5 years. Buy the vehicle on GST number. ITC not available on car.
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