Menu
ITC on trucks lorries used for inhouse transportation of goods from one factory to another
Is ITC available on truck used to transfer semi finished goods from one factory to another.? Company is registered and selling taxable goods.
Replies (2)
Yes... You can claim ITC.
Yes you can claim ITC on Motor Truck as it is used for Transportation of Goods and in the course of business ( Section 16(1) ). Just ensure that all the Four conditions as laid down u/s 16(2) of the CGST Act 2017 is satisfied before claiming ITC.
Recent Topics :
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
Related Topics :
CAclubindia
