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    <title>ITC ON COMMERCIAL VEHICLE PURCHASED ON LOAN</title>
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    <description>Claiming Input Tax Credit on a commercial vehicle and related insurance is allowed when the vehicle is used for the furtherance of the taxable business, provided the tax invoice and supporting documents are in the name of the registered person claiming ITC. For a sole proprietor, the proprietor and firm constitute the same taxable person, so the loan may be in either name but documents should match the name on the GST registration to support the claim.</description>
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      <title>ITC ON COMMERCIAL VEHICLE PURCHASED ON LOAN</title>
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      <description>Claiming Input Tax Credit on a commercial vehicle and related insurance is allowed when the vehicle is used for the furtherance of the taxable business, provided the tax invoice and supporting documents are in the name of the registered person claiming ITC. For a sole proprietor, the proprietor and firm constitute the same taxable person, so the loan may be in either name but documents should match the name on the GST registration to support the claim.</description>
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