I am planning to buy a delivery van in the name of my firm. I am a wholesale supplier of medicines, and I will use this van to supply medicines to my clients. can I take ITC in this case. what various points should I keep in mind in this regard.
T A Khan
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Vehicle purchased
Replies (4)
Yes you can claim
Thanks
For transportation of Goods can avail Input Credit.
As per section 17(5)(a) Input Credit on purchase of Motor vehicles for transportation of persons having approved seating capacity of not more than thirteen persons (including the driver) shall not be available.
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