input tax credit is available on motor vehicles of used for transportation of passengers..
if I purchased a mini Bus for transportation of employees from one place to another in a factory
can that be construed as transportation of passengers?
Can ITC be availed in this case?
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ItC on motor cars
Replies (1)
No, that not cover under the transport of passenger, so cant avail itc,
Yes if govt. find obligatory for employer to provide such services then u can avail itc
Yes if govt. find obligatory for employer to provide such services then u can avail itc
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