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Can I claim full ITC ?
if a truck is purchased for business purposes(use for transportation of goods relating to factory) and same truck is used for leasing, by treating leasing as used in the course of or furtherence of business.
Replies (5)
Yes, ITC can claim.
Valid tax invoice , rest as you please.
When was the truck purchased? If it is within the time limit for claiming ITC and meets other conditions, appearing in GSTR-2B then you may claim it
Sec 17(5) must not be violated.
@ Sainadh Thota ,
Kindly provide the date of purchase.
Answer may vary based on the specific inputs .
Kindly provide the date of purchase.
Answer may vary based on the specific inputs .
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