If we purchase a motor vehicle (TATA ace gold seating capacity less than 13) for Transportation of goods from our office to customer place so in that case we are eligible to take ITC on that motor vehicle purchase. please clarify.
And can we also claim ITc on insurance or any other modification is done on that vehicle...
Thank u in advance
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ITC avail or not on purchase of motor vechile for transport of own goods
Replies (3)
Yes you can claim ITC
What about claiming of ITC on insurance amount on transport motor vehicle
under section 17 (5), blocked credit is for passenger vehicle and not for other vehicle.
Thus itc on insurance too is eligible for credit.
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