Purchase commercial vehicle for business purpose with GST invoice
can i claim set off?
Menu
Commercial vehicle setoff
Replies (3)
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 Threads
- Market Down, Portfolio Down: Need suggestions for
- How much tax is payable If I withdraw my mutual fu
- GST Penalty Provisions under Section 73 vs Section
- How VFA Academy Helps Traders Build Discipline and
- GSTR-3B Relationship
- Section 194T: TDS on Payments to Partners: Applica
- Tax planning with HUF
- FCN ( Financial Credit Notes) Treatement in Books
- Indemnity bond notarization for Income Tax (NRI ou
- GST - RCM - for Commercial Building Rent
Related Threads
CAclubindia
