ITC Availability On Bicycle ?

Can we Claim ITC on Bicycle Purchased ?
Replies (4)
Quick Summary
This discussion clarifies whether Input Tax Credit (ITC) can be claimed on the purchase of a bicycle. Generally, ITC is not available for personal bicycle purchases. However, it can be claimed if the bicycle is purchased for official business purposes and used in the furtherance of business, subject to the conditions outlined in Section 16(2) of the CGST Act.

No, you can't Claim ITC
Yes, if for official purpose.
Yes you can claim itc provided used for furtherance of business.
Yes ITC available but subject to condition prescribed in Section 16(2) of CGST Act

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