Hi sir, my client was doing contractor, Civil and electrical works contractor.he is purchased 2 tractors for firm works so ITC Availd or that ITC reverse.
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Quick Summary
This discussion clarifies whether civil and electrical contractors can claim Input Tax Credit (ITC) on tractors purchased for their business operations. The consensus is that ITC is generally available if the tractors are used for the furtherance of business activities, regardless of whether they are new or used.