After conversion of business nature use of tic on loading vehicle

This query is : Resolved

Mahendra Patel (Querist)
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03 December 2021 Dear Sir
Last year in apr-2020 we started a business of trading of food products (supply namkeen) and for the same, we registered under GST purchase material from direct factory and sold in small markets.
after 2-3 months we purchased a loading vehicle for the supply of goods.

and 2 months before we stopped this work due to sales were too low and monthly expenses is high.

last attached loading vehicle in another company for a monthly basis issued GST invoice to the company.

so please guide us can we convert my business nature from food to transportation on existing GST no. (for transport bills we use only vehicle-related ITC).

kindly guide us.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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03 December 2021 ONE MORE SUPPLY CAN BE ADDED UNDER SAME GSTIN.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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03 December 2021 Yes, you can convert the business in the existing gstin.

Mahendra Patel

Mahendra Patel (Querist)
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23 December 2021 AND ALSO TAKE ITC OF VEHICLE WHICH AVAILABLE ON CREDIT REGISTER ????

PLS CONFIRM

CA Akshay Hiregange

CA Akshay Hiregange (Expert)
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28 December 2021 Where goods vehicle used for further supply, i.e. supply of taxable goods or services then yes eligible. In your case renting of vehicle or use to transport taxable goods - eligible ITC.

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