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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
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