Itc on fixed asset

ITC / Input 222 views 3 replies

Manager

47 Points Joined July 2010

Please help us understan on list of items applicable for ITC for a Pvt Ltd. company involved in trading of paper.

1. Commercial Vehicle purchase for supply of paper.

2. Electric Equipments (Invertor, Battery, Transformer etc) - used in office premise but not in any kind of production/trading or manufacturing.

Replies (3)

"Do the Right Thing...!!!"

128121 Points Joined January 2015

2. Yes... You can claim ITC.

1. The vehicle used in transportation of goods then You can claim. If not then no need to claim.

CA Final student

7101 Points Joined April 2018

you can ITC on your repair & maintainence ...if it for
your business.

Manager

47 Points Joined July 2010

Thanks everone

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