Menu
ITC on Sports Bike
Any person having income from online platform by videos / reels of travelling through bikes. Can he/ she claim ITC on sports bike purchase?
Replies (3)
No, he is not eligible to avail ITC.
The nature of his business is related to traveling by bike. Still he cannot take ITC on the purchase of bike?
Yes, because the ITC is restricted u/s 17(5) of GST Act.
Recent Threads
- TDS on Joining Bonus
- How to complete form10E Table details for the year
- How to submit ITR for old F&O losses
- Can an Software Engineer be termed as a workman an
- PF withdrawal in IT
- Resolution of Potential Double Taxation on NSC Int
- LTCG reporting in ITR2
- Pls advice to sell and we can make invoice to susp
- Most reliable solution to export offline OST to PS
- Sale of Mutual fund by NRI
Related Threads
CAclubindia
