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Commercial vehicle setoff

Others 220 views 3 replies
Purchase commercial vehicle for business purpose with GST invoice

can i claim set off?
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


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