Goods Transport (Like Truck ,Tempo)
ITC Available to all types of business

Passenger Transport
ITC Available only to
Car Selling Business
Passenger Transport Business
Motor Driving Training Business

ITC of Cars,bus,2 Wheelers is Not Available to other Business like Traders, Manufacturers, Professionals  etc.  


Whether Purchase of Car is Input or Capital Goods
If car used for More than 1 year
Capital Goods (Example-Passenger Transport or Motor Driving Business)

If car used for upto 1 year
Input (Example-Car Selling Business)


ITC on Motor vehicle.jpg


PURCHASE OF MOTOR VEHICLES GOODS TRANSPORT PASSENGER TRANSPORT Truck, Tempo Available to all business Car, 2 Wheeler Available to some business only Passenger transport business Motor Driving Business Car Selling Business

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.