Hy All
Can we take ITC of insurance of commercial vehicle mainly used in supplies of taxable good.
Menu
Vehicle insurance ITC
Replies (6)
Yes, ITC is available on motor vehicles used for the transportation of goods
Thanks
Yes you can claim
You should note that... vehicle is only for the purpose of transport of goods... eg : Truck
If you are using passenger vehichle like Car for transport of goods... then ITC not allowed.
If you are using passenger vehichle like Car for transport of goods... then ITC not allowed.
Study the conditions laid down in Sec 17(5) and then decide.
Any commercial vehicle whose ITC was claimed then ITC is allowed for repairs , insurance, tyres and other expense relate to commercial vehicle.
Recent Threads
- Exports against INR PO payable by Domestic Company
- Which websites are best for government exam prepar
- TDS on maturity payment of LIC of india
- ITR2 Gold ETF short and long term
- Query under faceless assessment
- Purchase of business
- Refund of ITC for advance paid to overseas supplie
- Clubbing query (when gifts given to multiple fami
- Transfer Pricing Audit Upload Form 3CEB - Income T
- Only a Few Pages Indexed by Google Despite Sitemap
Related Threads
CAclubindia
