ITC On Insurance of Business Purpose use Vehicle (TATA Ace)
This query is : Resolved
10 July 2020
Hi,
We have TATA Ace Vehicle for supply of Material to our customer, We have insurance for this vehicle in my 2A there is ITC Showing Can i take the ITC of this.
Thank You.
We have TATA Ace Vehicle for supply of Material to our customer, We have insurance for this vehicle in my 2A there is ITC Showing Can i take the ITC of this.
Thank You.
Lekhraj sood
(Expert)
12 July 2020
Yes you can take ITC on the vehicle used for goods transportation as per section 17(5) of CGST Act.
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