Capital goods itc
This query is : Resolved
11 August 2017
Sir/Madam,
Our client has bought new vehicle for business purpose before gst. Now the question is, it ITC can be claim in from Tans - 1.
Please advise me.
Our client has bought new vehicle for business purpose before gst. Now the question is, it ITC can be claim in from Tans - 1.
Please advise me.
11 August 2017
If the new vehicle is purchased before 30/6/17 then he cannot claim ITC in TRAN 1.
If the new vehicle is a motor Car / two wheeler and purchased after 1/7/17 ITC you are not eligible to claim ITC on the same.
If the new vehicle is a vehicle used for transportation of Goods and purchased after 01/7/17 you can claim ITC of GST on the same.
VK
If the new vehicle is a motor Car / two wheeler and purchased after 1/7/17 ITC you are not eligible to claim ITC on the same.
If the new vehicle is a vehicle used for transportation of Goods and purchased after 01/7/17 you can claim ITC of GST on the same.
VK
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Itr 1 processing
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- ITR 2 Short Term gain & Long term gain
- ITR validation error - Balance sheet is not filled
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR returnFY25-26
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR 1: Details for showing Exempt Income
- Registration as Authorised Representative of minor
- Article ship defecit
- Bank Accounts in Balance Sheet for ITR 3
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
