Capital goods itc

This query is : Resolved

sabari (Querist)
Follow

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.

CA. Vinodh Kothari

CA. Vinodh Kothari (Expert)
Follow

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

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

B.K.RAJANDHERAAN

Shameem ahmed

Ajinkya Deshpande

Jai Solanki

seshachary

Subscribe Now

Capital goods itc

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

GST CONSULTANCY

Accountant

Senior Executive

Manager- Finance and Compliance

CA Final