Can a commercial vehicle with yellow number plate which is being used for transporting goods for a construction company be eligible to claim input credit.
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Input Credit on Vehicle used for Business
Replies (6)
Yes you can claim the itc
yes , you can availed the credit
Yes, since ITC on motor vehicle used for transportation of goods are not blocked under 17(5) of CGST Act
The restriction on ITC applies only to certain motor vehicles used for transportation of passengers.
Thanks
Yes you can claim ITC since used for Transportation of Goods.
I client has purchased TATA Ace small tempo toward business Purposes. Wheather I can claim ITC or not
client has purchased TATA Ace small tempo toward business Purposes. Wheather I can claim ITC or not
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