can we claim itc on trucks repairs & maintenance.
Even though company's principal business is not the supply of goods, trucks is not the output product,not a driving classes etc.
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Input tax credit
Replies (3)
Then you cannot claim ITC on such expenses
But they are using for the purpose of employees and not charging any cost
As you have mentioned that company's principal business is not the supply of goods, trucks is not the output product,not a driving classes etc. for that reason it is not used for furtherance of business then you cannot claim ITC
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