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Get input on commercial vehicle

ITC / Input 234 views 6 replies

We have a factory. And we need a auto/pick up for transporting goods from factory to godown. If we purchase the same can we take ITC on the said auto/pickup...pls explain

 

Replies (6)
no, you will not get ITC.
yes u can claim ITC

If you use the vehicle for transportatation of goods for your business you can take ITC of the same.

Yes U Can claim ITC as its being used as transportation of Goods

Hi,

 

You are not eligible to take the ITC. As per Section 17(5), it will be available to the person's who are in the same lines of business.

@ TAXATION DEPARTMENT

DEAR , KINDLY REFER THE SECTION 17(5) (A)

MOTOR VEHICLES & OTHERS CONVEYANCE EXCEPT WHEN THEY ARE USED -

(A) FURTHER SUPPLY OF SUCH VEHICLES

(B) TRANSPORTATION OF PASSENGER

(C) IMPARTING TRAINING ON DRIVING SCHOOL

(2) TRANSPORTATION OF GOODS

HENCE VEHICLE BEING USED IN TRANSPORTATION OF GOODS , ITC CAN BE CLAIM

 


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