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INPUT TAX CREDIT on purchase vehicles
INPUT TAX CREDIT on purchase vehicles can be utilized for taxable good ( by government notification exempt goods under taxable)
Replies (5)
What is the purpose of purchasing vehicle?
Provided used for business purpose.
Need a bit more details that what kind of business do you have?
is it related to transport or for providing home delivery service or it will be easy if you explain use of vehicles in your business.
is it related to transport or for providing home delivery service or it will be easy if you explain use of vehicles in your business.
If it is for transport blocked credit under sec 17(5).
Exempt rice trade
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