ITC availability for BOLERO-HILUX (HIGH AT, M1G) HLXX0
This query is : Resolved
Quick Summary
12 January 2025
Mr. A has purchased bolero-hilux HLXX0 for his site work like transferring oil barrel from one site to other site, transfer labor from one site to other site. Weather ITC available for above in GST for Mr.A ?
12 January 2025
It depends upon output services.
Under Section 17(5) of the CGST Act, ITC is generally not available for goods and services used in the construction of immovable property, except for plant and machinery. This applies even when the construction is for business purposes.
Under Section 17(5) of the CGST Act, ITC is generally not available for goods and services used in the construction of immovable property, except for plant and machinery. This applies even when the construction is for business purposes.
13 January 2025
Mr. A is providing construction services then is it available ?
Mr. A also paid CESS while purchasing the bolero it is eligible to take as input ?
Mr. A also paid CESS while purchasing the bolero it is eligible to take as input ?
13 January 2025
At what rate output services are provided? whether at 18% GST?
13 January 2025
YES, output services are provided at 18% GST
13 January 2025
In that case you can claim ITC. If you also provide services at 1%/5% GST, in that case claim ITC on pro rata basis.
13 January 2025
What about CESS which is paid while purchasing the Bolero
13 January 2025
In the specific case, ITC on Cess would not be eligible.
14 January 2025
ITC ON PERSONAL VEHICLE WILL NOT BE AVAILABLE.
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