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ILLURU VISWESHWARA REDDY

ILLURU VISWESHWARA REDDY

CA Inter

26K+

10-Sep-20 19:50

8

Blocked Credit - Motor vehicle

Hello team, on the video about Blocked credit explanation, It was articulated that Infosys purchased a new car and its business is not pick up and drop of an employee concept is fine. In the present real time scenario, all the companies providing the service through different motorvehicle vendors. Still infosys cannot claim ITC?

Answers (1)

ILLURU VISWESHWARA REDDY

ILLURU VISWESHWARA REDDY

CA Inter

26K+

11-Sep-20 08:27

Hello team, i got clarified my query in the subsequent videos and it was concluded that " under statutory obligations to do so companies can avail ITC.