banner_ad

Tyres purchased ITC clime?

468 views 1 replies
Dear sir
My clint was doing Civil works and electrical works he have 4 wheeler vehicles and tractors , so he purchased tyres for that vehicles, so ITC eligible ?
Replies (1)

To determine if your client is eligible for Input Tax Credit (ITC) on tyres purchased for their 4-wheeler vehicles and tractors used for civil and electrical works, let's break it down: ITC Eligibility -

 *Usage for Business*: If the vehicles and tractors are used for business purposes related to civil and electrical works, ITC on tyres might be eligible. -

 *Direct Nexus*: There should be a direct nexus between the input (tyres) and the output (civil and electrical works). Possible Scenarios -

 *Vehicles for Business Use*: If the 4-wheelers are used for business purposes like transportation of personnel, goods, or equipment, ITC on tyres might be eligible. -

 *Tractors for Business Use*: If the tractors are used for business purposes like construction or transportation of goods, ITC on tyres might be eligible. Blocks on ITC -

 *Motor Vehicles*: ITC is blocked for motor vehicles with seating capacity of ≤ 13 persons (including driver), unless used for specified purposes like transportation of goods or providing services like renting or transportation of passengers. -

*Exceptions*: If the vehicles are used for transportation of goods or for specified services, ITC might be eligible. Recommendations -

 *Verify Business Use*: Ensure that the vehicles and tractors are used for business purposes related to civil and electrical works. -

*Maintain Records*: Keep records of vehicle usage, invoices, and other supporting documents to substantiate ITC claims. - 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details