can we tack ITC of vehicle used for movement of cash from shop to bank
we are in retail industry. and having huge cash balance on daily basis
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ITC on motor vehicle
Replies (5)
No ..not available
ITC not available.
No blocked u/s 17(5)(a)
Which industry belonging
No you cannot .... As it's block U/S 17(5).
Note : For banks ITC is available subject to conditions prescribed in Section 17(4) of CGST Act
Note : For banks ITC is available subject to conditions prescribed in Section 17(4) of CGST Act
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