Did you know? Your ambulance conversion can now benefit from Input Tax Credit claims. Assessee is entitled to claim ITC on vehicle modified and supplied as an ambulance. AAR-Telangana

M/s. Raminfo Limited [TSAAR Order No.02/2023 dated April 03, 2023] ruled that assessee can claim Input Tax Credit ("ITC") on purchase of 7-seater vehicle which will be transformed into an ambulance for further supply.

Quite a leap, isn't it? This ruling isn't just a mere allowance but a potential game-changer in the healthcare industry. More money saved means more resources for improvement. A win-win for healthcare providers and patients!