can I take input credit for the following situations?
1. Buying car for a director of a manufacturing company
2. buying a car for a travel company
3. buying a car for a hotel which regularly offers pick up and delivery
4. stationery purchased for office
5. stationery purchased for a CA firm
6. for a training program
input credit
Replies (7)
1. No. Bcoz, it's used by director individual use also not transport business.
2. Yes. It's to related business.
3. No...
4. Yes.
5. Yes.
6. ??? need clarity....!
2. Yes. It's to related business.
3. No...
4. Yes.
5. Yes.
6. ??? need clarity....!
1. No as ITC for motor vehicle not available
2. Yes if for furtherance of business.
3.Yes if same is used to carry goods only.
4.Yes
5.Yes
6. Depends on what expenses made by you.
2. Yes if for furtherance of business.
3.Yes if same is used to carry goods only.
4.Yes
5.Yes
6. Depends on what expenses made by you.
6. stationery for a training program..
Allowed........
thank you all...
Yes.... ......
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