Itc on capital asset
This query is : Resolved
hemant gawale
(Querist)
21 August 2017
I am a composite service provider
I have purhased car and have paid CGST and SGST @ Rs. 39707-58 each . and cess Rs.2836.25
During this month there is no turnover of Service provided.
How can I claim and carry forward the ITC of total Rs.79701.41 in for GSTR 3B
I have purhased car and have paid CGST and SGST @ Rs. 39707-58 each . and cess Rs.2836.25
During this month there is no turnover of Service provided.
How can I claim and carry forward the ITC of total Rs.79701.41 in for GSTR 3B
Arun Gupta
(Expert)
21 August 2017
If you have June months credit lying with you
Den u have to file TRAN 1 form in order claim c/f
Den u have to file TRAN 1 form in order claim c/f
Arun Gupta
(Expert)
21 August 2017
And
Credit of CAR purchase depend upon type of business you have
Credit of CAR purchase depend upon type of business you have
21 August 2017
ITC is not available for motor vehicles and conveyances except when:
# the vehicle is used for the supply of other vehicles or conveyances
# the rule shall not apply if the vehicle is used for transportation of passengers
# the vehicle is used for imparting training on driving, flying, navigating such vehicle or conveyances
# the vehicle is used for transportation of goods
# the vehicle is used for the supply of other vehicles or conveyances
# the rule shall not apply if the vehicle is used for transportation of passengers
# the vehicle is used for imparting training on driving, flying, navigating such vehicle or conveyances
# the vehicle is used for transportation of goods
Arun Gupta
(Expert)
21 August 2017
Exactly 👍
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