ITC on Vehicle parts purchased
This query is : Resolved
11 January 2020
I run a manufacturing uniit of PVR Block/ My trucks are used in the unit for carrying cement and other materials required for the manufacturing of PVR Blocks. Whether I can claim ITC on vehicle parts purchased for my trucks ?
11 January 2020
Yes
.ITC of motor vehicles used for the carriage of goods is freely available. Amendment Act, 2018 which is applicable from 1st February 2019 .
If ITC is available in these cases then the ITC on repairs maintenance, interest, and the Insurance is also available to the taxpayers”
.ITC of motor vehicles used for the carriage of goods is freely available. Amendment Act, 2018 which is applicable from 1st February 2019 .
If ITC is available in these cases then the ITC on repairs maintenance, interest, and the Insurance is also available to the taxpayers”
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