Dear Experts,
Please advice whether Input tax credit on maintenance charges (like Insurance for the vehicle, replacement of spares, repairs etc.,) in respect of own Lorries used to carry goods produced at the factory is eligible.
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Dear Experts,
Please advice whether Input tax credit on maintenance charges (like Insurance for the vehicle, replacement of spares, repairs etc.,) in respect of own Lorries used to carry goods produced at the factory is eligible.
Old Query - New Comments are closed.
ITC on repairs is eligible in this case.
Yes. Eligible these being revenue expenditure.
Old Query - New Comments are closed.