GST input on Pick up truck

srikanth reddy (1 Points)

09 June 2022  

HI, We are into mining of natural material and manufacture of fertilizers. We have bought a isuzu pick up truck with a weight capacity of 1 ton (commercial plate) for transport of our fertilizers to farmers and dealers. I was told that ITC can be availed by us as this is only for business use. Please advise if I can claim GST , if yes Should I do it in one go or as some say over a period of 60 days. If I have to claim over a period of 60 days how do I match my inputs with supplier outputs as for ex we bought this in May22 and supplier would file it in May 22, so if I claim entire amount in May 22, tallying is done but If I have to apportion it over 60 months, How do I do that. Please advise and thanks in advance