A labour contractor having Tipper wants to claim ITC on tyres purchase Can he claim ITC on puchase of tyres in output liability of labour supply...?
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Quick Summary
This discussion examines whether a labour contractor can claim Input Tax Credit (ITC) on the purchase of tyres for their tipper vehicles used in labour supply. The eligibility for claiming ITC depends on whether the expenditure meets the conditions outlined in Section 17(5) of the relevant tax legislation, particularly if the tipper is used for purposes other than those that would disallow the credit.