if i purchaged a new car on my firm name
and i am trader of taxable items can i claim ITC .
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GST claim in purchasing car
Replies (5)
in my opinion
no
because it comes under fixed assets
ITC is available on
1) anything which is for the furtherance of business
no
because it comes under fixed assets
ITC is available on
1) anything which is for the furtherance of business
no , as per section 17(5) of cgst
if i dont claim depriciation. then
depreciation does't matter, u can claim credit on motor vehicle only when u r dealer of such vehicles or such vehicle is used for transportation of passengers
What when transportation of goods I sold to customers
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