No Credit is allowed for Vehicles as same has been not allowed by GST u/s 17 blocked credit and for other capital goods same can be claimed in the same year.
FIXED ASSETS purchased for the business purpose is allowable for either (1) full itc credit can be taken in the year of purchase OR (2) claim as depreciation in ITA , 1961
Leave a Reply
Your are not logged in . Please login to post replies