if a Company (who is not a GTA) purchases a motor vehicle for transporting its finished goods, can the company take Input tax credit? Please explain how.
Menu
Itc on motor vehicle for transportation of goods
Replies (2)
yes but use for business purposes but please check section 17(15). use business only taxable goods
Yes you can take credit of GST on vehicle purchased to transport goods in your business.
Section 17(5)(a)(ii) allows the same.
Regards
Annu Agarwal
Recent Topic
- Form 10E and Salary arrear
- LTCG U/S 54F. Sale of property plus sale of share
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
Related Topics
CAclubindia
