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Input tax credit on tempo or truck purchases

ITC / Input 1088 views 3 replies

If tempo or truck purchases for business use, input tax credit available or not

Replies (3)
Yes, if the vehicle is essential part of your business.
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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