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
- How to split freelance project income with a frien
- 194a for A y 2024-25
- Compensation & Benefits
- SAC code and GST rate transport services for anima
- Section 44AB is Gone — How Different is Tax
- Capital Gains from Cancelled Residential Project
- Import of goods data in IMS
- GSTr 9 24-25
- Change HSN
- TDS ISSUE ( DIFFERENT SECTION )
Related Threads
CAclubindia
