ITC CLAIM ON PURCHASE OF TEMPO OR TRANSPORTATION BUDINEDD

This discussion explores whether Input Tax Credit (ITC) can be claimed on the purchase of a tempo or other transportation vehicles for business purposes under GST. The consensus is that ITC is claimable for goods carrier vehicles. However, it's clarified that the ITC cannot be directly refunded into a bank account; instead, it remains in the GST portal to offset future tax liabilities.