Dear Sir
I want to your view on particular issue mention below.
Sir I am a Proprietor of a Gas Agency (IOCL Distributor). I purchase a truck for supply of goods ( cylinder supply to customer home)
can I avail the ITC or Not.
Pls Advise me.
Thanks and Regards
Ajay Kumar
9810765291
AS PER SECTION 17(5) OF CGST ACT, 2017 ITC ON MOTOR VEHICLES IS ALLOWED TO THESE TAXABLE PERSONS WHO ARE ENGAGED IN FURTHER SUPPLY OF SUCH MOTOR VEHICLES, TRANSPORTATION OF PASSENGERS, OR TRANSPORTATION OF GOODS.
IN THE ABOVE SECTION IT IS NOT SPECIFIED THAT WHICH PERSON WHO TRANSPORT GOODS.
SO AS PER MY OPINION ITC ON PURCHASE OF MOTOR VEHICLE WILL BE ALLOWED TO YOU AS YOUR TRUCK IS USED FOR TRANSPORATION OF CYLINDERS(GOODS).
FOR ANY QUERY CONTACT ME ON
8290776641
NO......& NO....................
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