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ITC on purchase of boat

This query is : Resolved 

Dear Sir,

Our company has purchased diving boat for business in march' 21 , cost of Rs.35 . Shall i take ITC on purchase invoice this FY 2021-22 . i can take full itc or Partly.

Kindly advice.



How will it be used for business ?

this boat ( 13 seater ) for diving purpose.

I believe this boat will come under the meaning of vessel and there are restrictions on taking ITC on it. Check section 17(5)(aa)

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