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Professional Development Committee The Institute of Chartered Accountants of India- Decision taken by the Council regarding tenders
Question ID : 20822
Cess paid on purchase of Car
An asessee has purchased a car for business use of travelling
and paid GST as well as Compensatory cess on it. He is not eligible to claim GST input on car. Whether Cess paid on such car will also be of no use and will have to be capitalised.
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