Client hv purchased a auto (4wheel bolero) for supplying cement bags
can he claim ITC ?
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ITC on auto purchase
Replies (5)
No. The purpose of the restrictive clause is to make input tax credit restricted only to commercial use.
he can claim if he used such auto for further supply...please correct me sir if I am wrong
If You RC in person base can not use for commercial and can not take itc
he is using that auto to supply goods of his business
not for personal use
not for personal use
If Regisration certificate is person basis than can not use for commercial and can not take itc
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