sir jo mene apne business purpose ke liye bike buy ki h wo finance pr h uski 24 installment h aur 20000 down payment diya h
to sir M YE PUCHHNA CHAHATA HU KI iske tax invoice me jo GST lagayi gayi h ..uski ITC CLAIM KRNE ME KOI problem to nhi h na .. m iski FULL ITC claim kr skta hu na
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finance pr bike purchase ki ITC CLAIM
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As per my understanding no itc as per sec 17(5) when u purchases motor vehicle or conveyance except you use it for specified purpose mention above said section.
ITC is not available because that bike is not reselling to others... and also there is no generation of income on that bike... it is only using in your company...
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