ITC on Capital Goods

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26 Points Posted on 11 May 2018
Sir
we are a Partnership Firm. Can we take ITC on Capital Goods like vehicles etc?
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On 11 May 2018 at 07:54 Report
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Proprietor
342 Points Posted on 11 May 2018

Goods vehicle yes. Passenger vehicle no.  

 

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On 11 May 2018 at 10:42
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Director
60 Points Posted on 11 May 2018
ITC on vehicles is not allowed. However ITC is allowed on other capital goods like computer, mobile, machinery etc which is to be used for the firm.
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On 11 May 2018 at 19:33
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26 Points Posted on 11 May 2018
OK thank you very much
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On 11 May 2018 at 20:14

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