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ITC on car purchased
In a partnership firm Car is purchased in the name of one of the partners and GSTIN of the FIRM has been provided to vendor...Whether ITC will be allowed in the FIRM...
Replies (2)
Quick Summary
No allowed, you can't claim ITC on Car
Had you purchased the car in the name of firm and used for transportation of passengers or goods then you can claim itc , even on the expenses incidental to the purchase of car . But for personal purposes you cant claim itc.
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