Menu
Itc of insurance of truck
is itc of truck insurance is available or not?
Replies (3)
Quick Summary
Hello Sir No itc of Truck insurance is available
As per my knowledge, it is available.
Since the Truck is used for Transportation of Goods, you should have claimed ITC on it. Therefore ITC of General Insurance, Repairs can be claimed as per Proviso to Section 17(5) clause (ab) of the CGST Act 2017.
Experts correct me if I'm wrong.
Regards.
Since the Truck is used for Transportation of Goods, you should have claimed ITC on it. Therefore ITC of General Insurance, Repairs can be claimed as per Proviso to Section 17(5) clause (ab) of the CGST Act 2017.
Experts correct me if I'm wrong.
Regards.
Yes you can claim ITC for truck being used in business for transportation of Goods
Recent Topics :
- CAPITAL GAIN REG
- Built a simple tool to automate client document fo
- Capital Gain on Sale of SRA Allotted Flat Received
- Discrepancy in Auto populated figures in GSTR1 of
- What should I do after receiving a GST Show Cause
- Discuss and Download CA Inter Question Paper Septe
- Hi experts needed some help
- Gift of Immovable Property u/s 92 of Income Tax Ac
- NSE BSE Pre-open session changes from 7 September
- Financial statements for non corporate entities
Related Topics :
CAclubindia
