If tempo or truck purchases for business use, input tax credit available or not
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Input tax credit on tempo or truck purchases
Replies (3)
Yes, if the vehicle is essential part of your business.
For e.g. GTA, cab company, Hyundai showroom
For e.g. GTA, cab company, Hyundai showroom
Any vehicle when used for transportation of goods, itc is available. Mere use for business is not enough. Pl refer to section 17(5)(a)(ii).
PLS TELL US WHAT TYPE OF YOOUR BUSINESS AND WHAT IS THE USE OF VEHICLE
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