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Gst credit

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This query is : Resolved

VICKY TEJRAM NARAD (Querist)
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18 September 2018 Dear Sir,
I am manufacturer of Ready mix concrete. I have 15 nos of RMC truck for carrying RMC at Customer site. Due to daily uses of Trucks, There are large expenses of Repaire & Maintainence on maintainance of Trucks. So please advise me, whether company can take credit on purchase of spares parts of Trucks (e.g. Tyres & other spares) or it is disallowed due to consumption of tyres by end users. Company planning to take agency of Tyres due to less cost as compare to purchase from dealers. So please give me advise whether company eligible to take GST credit or not.

Thanks & Regards
Vicky Narad
9271388736

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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18 September 2018 ITC can be taken on purchase of spares. You only cosume the spares in your truck. If you are a dealer of tyre you can take credit on GST paid to manufacturers on own use of tyre.

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