ITC of Trucks
This query is : Resolved
Quick Summary
16 November 2021
Respected Sir/Madam
We purchase sand from the register/unregister dealer and then sell it to the registered dealer @5% GST with transportation (free of cost), it is our main business.
In some cases, we had also provided only transportation service from where we collected GST @12% (forward charges)
In this scenario can we claim ITC on the truck purchased for the supply of sand?
We purchase sand from the register/unregister dealer and then sell it to the registered dealer @5% GST with transportation (free of cost), it is our main business.
In some cases, we had also provided only transportation service from where we collected GST @12% (forward charges)
In this scenario can we claim ITC on the truck purchased for the supply of sand?
16 November 2021
Yes, ITC over the transportation services can be claimed.
Message likes :
1 times
16 November 2021
Notification no 20/2017 Central Tax (Rate) date on 22nd August, 2017, GST
Notification No. 20/2017-Central Tax (Rate) 22nd August, 2017.
Seeks to amend notification No. 11/2017-CT(R) to reduce CGST rate on specified supplies of Works Contract Services, job work for textile & textile products, printing service of books, newspapers etc, admission to planetarium, and, also to provide option to GTA & transport of passengers by motorcab service providers to avail full ITC & discharge CGST @ 6%
Notification No. 20/2017-Central Tax (Rate) 22nd August, 2017.
Seeks to amend notification No. 11/2017-CT(R) to reduce CGST rate on specified supplies of Works Contract Services, job work for textile & textile products, printing service of books, newspapers etc, admission to planetarium, and, also to provide option to GTA & transport of passengers by motorcab service providers to avail full ITC & discharge CGST @ 6%
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Reopen of assessment proceeding
- Depreciation of fixed assets- coop housing society in mumbai
- TDS on Consultancy- Non DTAA
- EPF FULL & FINAL RULES IN 2026
- Management System (IMS)
- Condonation . E-Verification of last year return .
- Rental income gst and it purpose
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Eway bill generation from place other than registeted
- FTS Taxable under 115A
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
