ITC claim on fixed asset

This discussion addresses the confusion surrounding Input Tax Credit (ITC) claims on fixed assets, specifically vehicles. While an advocate stated it's unavailable, seniors and a CA believe it is. The key factors determining eligibility include the type of vehicle, whether it's used for transporting goods, and how depreciation is claimed for income tax purposes. If depreciation is claimed on the basic asset value, ITC is generally available; however, if depreciation includes the GST amount, ITC is not permitted.