Purchase commercial vehicle for business purpose with GST invoice
can i claim set off?
Menu
Commercial vehicle setoff
Replies (3)
Quick Summary
Yes you can
you can set off the ITC with life of the asset. If it is 60 months then ITC for each month is 1/60th of total ITC
@ Shine Cyriac , Not at all, this rule is for reversal
Recent Topics :
- Query – Interest on Capital Received by Part
- Query - Section 164(2)(a) – Interpretation o
- Submission for Expert Opinion on Rectification of
- NRI since March 2023 – resident savings acco
- My All-Time Top 15 Indian Web Series
- Wrong date of invoice
- Paper 6 - IBS
- Chhath Puja 2026 Dates Timing Tithi
- Tax Benefit on Second Property
- IPO application checklist: 18 rules that decide wh
Related Topics :
CAclubindia
