Dear All,
one of our client is operating transport to industries. he raises the invoice on monthly basis. he is charging 5%TAX to clients.
can take the input tax credit for maintenance of his vehiles.
Yes he can claim that ITC.
But in this case , it is for repairs and maintenance of the vehicles...
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
