We have to buy a new commercial truck and give it in contract with the company.
In this we will get tax credit?
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Girish
Replies (4)
What is your nature of Business...?
If your doing transporting business then you can take ITC. If you are doing any other business can't take ITC on purchased the Truck. Its only Fixed Asset....
As I am owner of petrol pump I have to purchase tank truck and give it in the contract of oil company to transport oil. For transporting oil company will pay the freight.
In this tell us that we will get tax benefit or not.
In this tell us that we will get tax benefit or not.
As we have to register our firm as transporter. We have to register our firm as transporter
If you registered as transporters then you can claim tax credit....
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