Menu
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
Recent Threads
- AIS NOT OPEN
- ICICI BHARAT 22 FOF AND NASDAQ 100 FOF CAP GAIN TA
- Schdule BFLA and CFL Error regarding adjustment of
- CIRCULAR WITH RESPECT TO WAIVER OF INCOME TAX OUTS
- How does opting for 44AD impact speculative income
- New GSTR 1
- Purchase and sale of land , showroom, building
- GTA provides services to unregistered person.GST i
- TDS on Sale of Ancestral property
- Tds on transport contractor
Related Threads
CAclubindia
