Input tax credit

Indirect Taxation

What difference it make sense point 1 and 2 I had attached the page below

Screenshot_20220928-200541_PDF Reader.jpg

Subash Chandrabose

CA Final

★ 32K+

28-Sep-22 20:07

459

Answers (5)

Best Answer

If motor vehicles aricraftv,vessels are eligible for itc ,then repairs and insurance and servicing to those motor vehicles , aircraft ... Are also eligible for itc ,and vice versa.

venkatesh sundharamoorthy

CA Final

★ 34K+

29-Sep-22 10:23

It should be read with blocked credits

Saravanan Murugan

CA Final

★ 19K+

28-Sep-22 21:13

2 is correct.

Sudha Reddy

CA Final

★ 20K+

29-Sep-22 10:15

Credit is allowed on repairs only if credit on vehicle is allowed. Iâ??d credit on vehicle is blocked then credit of repair also is blocked.

Shiva Teja

Faculty

29-Sep-22 14:42

Shiva Teja Faculty

Credit is allowed on repairs only if credit on vehicle is allowed. Iâ??d credit on vehicle is blocked then credit of repair also is blocked.

If vehicle credit is allowed, then credit on repairs also is allowed.

Shiva Teja

Faculty

03-Oct-22 12:04