Input tax credit on moter vehicle.
This query is : Resolved
23 April 2018
Dear Experts,
I purchase a mahindra pickup for my courier business.please give me answer of my few queries.
1. can i take gst input of vehicle (i purchase only chesis)?
2. can we claim gst input of container body (because body make from other person)
3. can we claim gst input on insurance of this vehicle?
please reply in detail
thanks in advance to all gst experts.
I purchase a mahindra pickup for my courier business.please give me answer of my few queries.
1. can i take gst input of vehicle (i purchase only chesis)?
2. can we claim gst input of container body (because body make from other person)
3. can we claim gst input on insurance of this vehicle?
please reply in detail
thanks in advance to all gst experts.
CA R SEETHARAMAN
(Expert)
23 April 2018
You can claim input credit on all the three above. Claim input credit on vehicle and container over the period of life of the asset.
Message likes :
1 times
25 April 2018
CA R SEETHARAMAN sir Please tell me can we sale this vehicle after 2 years
and
secondly please tell if a GTA pay output tax under forward charge 12% can he also claim input tax of commercial vehicle.
and
secondly please tell if a GTA pay output tax under forward charge 12% can he also claim input tax of commercial vehicle.
CA R SEETHARAMAN
(Expert)
26 April 2018
Yes you can sell the vehicle after 2 years,
Yes GTA pay output tax under forward charge 12% can also claim input tax of commercial vehicle.
Yes GTA pay output tax under forward charge 12% can also claim input tax of commercial vehicle.
CA R SEETHARAMAN
(Expert)
26 April 2018
Yes you can sell the vehicle after 2 years,
Yes GTA pay output tax under forward charge 12% can also claim input tax of commercial vehicle.
Yes GTA pay output tax under forward charge 12% can also claim input tax of commercial vehicle.
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