Input tax credit on vehicle


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Querist : Anonymous

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Querist : Anonymous (Querist)
30 July 2018 My client is a works contractor bought a tipper lorry for transporting materials to various sites. Can he take input GST credit for the same?
Thank in advance

30 July 2018 Yes take credit over a period of 60 months being capital goods

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 July 2018 My doubt is with regard to restrictions for credit like vehicle must be used for transporting goods business. here it is for works contract. please clarify.

31 July 2018 This vehicle is used for transportation of materials hence ITC available.


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