Sir
we are a Partnership Firm. Can we take ITC on Capital Goods like vehicles etc?
Goods vehicle yes. Passenger vehicle no.
Nishant Makholia (26 Points)
11 May 2018
CA Pankaj Jain
(Director)
(60 Points)
Replied 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. |
CAclubindia
