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ITC on auto purchase

ITC / Input 221 views 5 replies
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accountant
128 Points Posted on 30 June 2018
Client hv purchased a auto (4wheel bolero) for supplying cement bags

can he claim ITC ?
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On 30 June 2018 at 07:04 Report
Replies (5)
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SEO Sai Gr. Hosp.
211715 Points Posted on 30 June 2018

No.  The purpose of the restrictive clause is to make input tax credit restricted only to commercial use.

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On 30 June 2018 at 08:00
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CA FINAL
109 Points Posted on 30 June 2018
he can claim if he used such auto for further supply...please correct me sir if I am wrong
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On 30 June 2018 at 10:10
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Accounts Manager
1466 Points Posted on 30 June 2018

If You RC in person base can not use for commercial  and can not take itc

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On 30 June 2018 at 16:21
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accountant
128 Points Posted on 30 June 2018
he is using that auto to supply goods of his business
not for personal use
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On 30 June 2018 at 17:24
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Accounts Manager
1466 Points Posted on 30 June 2018
If  Regisration certificate is  person basis than  can not use for commercial and can not take itc

 
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On 30 June 2018 at 17:59


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