Need a clarification:
A company procured some bicycles for movement inside the plant to move from one building to another building.
Whether ITC is allowed on such purchase of bicycles?
Please give your views
Thank you🙏
Menu
Whether ITC can be claimed on purchase of bicycles?
Replies (5)
Quick Summary
Yes, bicycles are not within the meaning of motor vehicle, itc eligible
Thank you Sir🙏
Yes sure
I have one question if company purchase Motor circle for businesses use then what is the tax treatment
No itc is available blocked u/s 17(5)
Recent Topics :
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
Related Topics :
CAclubindia
