G.S.T. credit on cycle purchased for office

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This query is : Resolved

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This discussion addresses whether GST input credit can be claimed on cycles purchased for an office. The consensus is that credit is generally not available for cycles used for personal purposes or outside the factory/business premises. If the cycles are treated as factory expenses and used exclusively within the factory, credit might be claimable. However, for administrative or external use, it's advised to book them as expenses rather than claiming the credit.

Vinod

Vinod (Querist)
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30 May 2020 We purchased 2 cycles for our office (for boys). Shall we claim the input credit of G.S.T

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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30 May 2020 GST for personal use cycle not available.

JAGANATHAN R ACMA, SAP(Fi-Co)

JAGANATHAN R ACMA, SAP(Fi-Co) (Expert)
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31 May 2020 If you account as factory expenses and it use in within out factory we can credit., and outside the factory and admin purpose we cannot use., Better please book as expenses donot take the credit.

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