Input on capital goods
This query is : Open
11 October 2017
Having a vehicle which is being used in the business & capitalised, can GST on it can be claimed as input & claim refunded? & if yes how it will be refunded like in one amount or in parts?
Thank you
Thank you
11 October 2017
If the vehicle is used for transportation of goods in the business , then only GST credit can be availed and can be availed fully.
Message likes :
1 times
12 October 2017
Input available only if that vehicle is supplied further, used for transportation of passengers or used for providing driving training and transportation of goods.
Message likes :
1 times
12 October 2017
yes it will be used in transportation of goods in the business, I read somewhere, this credit will be refunded in 60 months is this correct? or it will be refunded after completion of financial year?
12 October 2017
Dear CA Lalit.,
You can avail 100% in single take under GST...
But,
Simple Condition The vehicle using "Furtherance of Business".....
Message likes :
1 times
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
- TDS 194-T applicability
- Applicability of GST on Salary Reimbursement Component
- Tds on commission charges
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- GST ITC REVERSE
- Consolidated financials
- TDS on TRUST
- Renovation exp. in flat by family member
- Need Professional Opinion AY 2012-13 Old Demand
- Withdrawal in cash from partners capital account by partner
- CHECK RELATED
- Dep. as per companies act
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
Quick Links
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER
Anupam Parashar & Co.
Ghaziabad
CA Final
View Details
ARTICLESHIP
07 September 2026
CA Articles
Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
View Details
CCI
Pro
CAclubindia
