ITC on Commercial Vehicle Purcahse
This query is : Resolved
01 May 2023
Dear Sir,
I got a contract with IOCL for transportation of Fuel like Diesel and petrol and I was purchased new vehicles from Ashok Leyland,
IOCL opted for FCM 12 % under GST, Can I avail ITC on purchase of New vehicles,
Please advise
Thanks & Regards
MS Raju
I got a contract with IOCL for transportation of Fuel like Diesel and petrol and I was purchased new vehicles from Ashok Leyland,
IOCL opted for FCM 12 % under GST, Can I avail ITC on purchase of New vehicles,
Please advise
Thanks & Regards
MS Raju
01 May 2023
Yes, ITC available on motor vehicles used for transportation of goods.
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