ITC on vehicle parts purchased.
This query is : Resolved
26 March 2024
I supply construction materials vide my own trucks and bill amount raised is inclusive of truck freight. Whether I can claim ITC on truck-parts purchased by me ?
26 March 2024
Yes you can avail the ITC subject to the conditions specified u/s 17(5) of the CGST Act. However, prima facie it seems to be like the truck is being used for the purpose of transportation of goods, hence the same can be availed.
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26 March 2024
Agree with the Experts opinion but subject to the conditions and as laid down in Sec 17(5) and also nature of business
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