GST ITC
Bijay Kumar Barik (article assistant) (7 Points)
20 March 2018can i take ITC on JCB(Motor vehicle) which is used in my business for load of materials into trucks ????
abhilash
(student)
(411 Points)
Replied 20 March 2018
Yes you can take itc on JCB as per definition of motor vehicle in GST act....JCB is not included in definition of motor vehicle so section 17(5)(a) does not come into picture... So itc can be claimed
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"