ww have a restuarant business
we purchased a TATA Ace Loader
for purchasing of materials for Restaurant purpose
can i take ITC on Above purchase
and Insurance Expenses ITC available or not on above vehicles
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ITC OF INSURANCE
Replies (4)
Yes.....you can get it.................... though vehicles are used for business purposes........... you can claim itc ..........
For furtherancè of business.
In term of Notification 46/2017-Central Tax (Rate)
All stand-alone restaurants irrespective of air conditioned or otherwise, will attract 5% without ITC. Food parcels (or takeaways) will also attract 5% GST without ITC.
ITC is not available to you hence cannot claim ITC .
All stand-alone restaurants irrespective of air conditioned or otherwise, will attract 5% without ITC. Food parcels (or takeaways) will also attract 5% GST without ITC.
ITC is not available to you hence cannot claim ITC .
ITC is not available. Dont avail
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