Menu
ITC on transport goods vehicle
If I have taken a new pickup for my business which is a business selling animal feed, will I get an input tax credit for the pickup and an input tax credit for the expenses incurred for the pickup?
Replies (2)
Yes. under section 17 (5) of cost act , 2017 , can claim itc on purchase of vehicle for transportation of own goods fir commercial purposes provided the outward supply of selling animal feed should be taxable supply .
Yes can do so
Recent Threads
- Which websites are best for government exam prepar
- TDS on maturity payment of LIC of india
- ITR2 Gold ETF short and long term
- Query under faceless assessment
- Purchase of business
- Refund of ITC for advance paid to overseas supplie
- Clubbing query (when gifts given to multiple fami
- Transfer Pricing Audit Upload Form 3CEB - Income T
- Only a Few Pages Indexed by Google Despite Sitemap
- Share sale by promoter of public limited company
Related Threads
CAclubindia
