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ITC on motor vechicles
How to claim input tax credit on motor vechicles ? is it in installements or lump sum?
Replies (3)
Section 17 sub 5 of CGST act 2017 not allowed input tax credit on Motar vehicles
but there is exception for that section. please note that.
Assuming in your case motor vehicle falls in exceptions of 17(5), you can take ITC as shown in Invoice at once.
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