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ITC on Truck
A manufacturer bought a truck for transportation of finished goods for the purpose of supply to its customers. Whether ITC on purchase of truck is eligible ?
Replies (4)
Yes, ITC is available since it is used as transportation
Yes , ITC can be claim..
Yes. He is eligible to take ITC on Purchase of Truck since used for Transportation of Goods which is not Blocked u/s 17(5).
Yes, ITC can be claimed as it is used for furtherance of business.
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