banner_ad

ITC

This query is : Resolved 
Profile Image

Profile Image

(Querist)
10 December 2020
SIR
We are running GTA Private Limited Company (On Reverse Charge Mechanism). We are not eligible for availing ITC on tyres,spares etc., So we suffer lot by paying GST on purchases.

In case if we start an additional business for ex. A steel trading business along with GTA in the same GST number, Can we become eligible for availing ITC on both the Purchase on GTA business as well as the Purchase in trading business?
If it is possible, Can it be utilized towards the sales in trading business?
Plz guide me sir
thanks in adv
Profile Image

Lekhraj sood

Profile Image

Lekhraj sood (Expert)
10 December 2020 You can opt to pay 12% gst on transportation services and avail full iTC.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details