ITC of Lorries purchased and availability for forward billing
This query is : Resolved
Quick Summary
shreyas kondapur
(Querist)
19 March 2023
We are doing goods transport agency, and also puchased 5 lorries and availed input for the same.
And now for Transport contract we will use other lorries also i.e we use to hire others lorries also
Question is can we set off our ITC for contract bill raised on forward charge basis
And now for Transport contract we will use other lorries also i.e we use to hire others lorries also
Question is can we set off our ITC for contract bill raised on forward charge basis
CA R SEETHARAMAN
(Expert)
19 March 2023
Yes, it can be set off.
shreyas kondapur
(Querist)
19 March 2023
What is we use other party lorries too for that transport contract along with ours
CA R SEETHARAMAN
(Expert)
20 March 2023
No problem you can claim ITC.
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