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CLAIMING ITC ON PURCHASE OF JCB WHICH IS USED FOR LEASE

Jaswanth Sudanagunta (44 Points)

31 August 2021  
I have purchased a JCB which is used for leasing to others. Can I claim ITC on that JCB or not?

 3 Replies

Rajkumar Patel (602 Points)
Replied 31 August 2021

100% you can claim ITC on JCB subject to your outward supply should not be exempt.
1 Like

Pankaj Rawat (GST Practitioner) (51638 Points)
Replied 31 August 2021

Yes ITC can be claimed

Jaswanth Sudanagunta (44 Points)
Replied 01 September 2021

Ok....thank you

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