05 June 2018
ITC is not available under GST for Motor vehicles & conveyances. My Question is can we claim gst on Purchase of New JCB for Construction Company???
05 June 2018
The provision of Sec. 17(5) (a) of the CGST Act, 2017 restricts credit on motor vehicle for specified purposes listed therein. Further, in terms of the provision of Section 2(76) of the CGST Act, 2017 the expression ‘motor vehicle’ shall have the same meaning as assigned to it in Clause (28) of Section 2 of the Motor Vehicle Act, 1988, which does not include the mining equipment, viz., tippers, dumpers.
Thus, as per present provisions, the GST charged on purchase of earth moving machinery including tippers, dumpers used for transportation of goods by a mining company will be allowed as input credit.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
05 June 2018
BUT JCB is not registered as a heavy motor vehicle but its registered as an 'excavator and loader machine' with the RTO. so i think JCB falls in the category of a particular type of machinery and not the motor vehicle.
CAclubindia
