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Vehicle purchased

30 January 2023

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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4 Replies

CA Rashmi Gandhi (Chartered Accountant) (86220 Points)
Replied 30 January 2023

Yes you can claim

1 Like

TAUQIR KHAN (72 Points)
Replied 30 January 2023

Thanks

2 Like

prasad Nilugal ( GST Practitioner & Accounts ) (14167 Points)
Replied 31 January 2023

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Rajendra Prasad (Employee Private) (1824 Points)
Replied 31 January 2023

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.

1 Like