sir
I am selling wood pieces(fire purpose) to companies with our own vehicle. (lorry)
now can I take itc for this vehicle
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Itc on transport vehicle..
Replies (3)
Yes u can avail ITC on same.
As per provisions of GST you cannot take ITC but there are loophole to misuse the provisions
If you are using it for exempted supplies also, then you have to reverse the ITC proportionately as per Rule 42/43
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