ITC FOR TRANSPORTATION OF GOODS
This query is : Resolved
Mahendra Patel
(Querist)
26 March 2022
hello sir
if we started business of transportation of goods using vehicle taken from market (in short on as a broker )
we already registered under GST / we have ITC on my GST credit ledger which received for purchase of my car.
So can we used this itc for goods transportation bills.
or there is any restriction for Using that ITC ?
if we started business of transportation of goods using vehicle taken from market (in short on as a broker )
we already registered under GST / we have ITC on my GST credit ledger which received for purchase of my car.
So can we used this itc for goods transportation bills.
or there is any restriction for Using that ITC ?
CA R SEETHARAMAN
(Expert)
26 March 2022
ITC on purchase of car can't be availed as it's a blocked credit. Reverse the ITC on car purchase.
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