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Transfer of vehicle under lease to GTA
please clarify about input on purchase of vehicle
Replies (5)
Hi Shivanna!
As a general rule ITC on purchase on vehicles is not allowed with exceptions for those who are in transportation business etc. Please specify the purpose and business.
Thanks
CA Aanchal Aggarwal
Vehicle purchase for transport Business and to be leased to GTA URD
Which vehicle & seating capacity of vehicle.
If it is a vehicle designed for transportation of goods then ITC available
Thank you
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