ITC on Old lorry purchased

This query is : Resolved

Rakesh Sharma (Querist)
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07 July 2020 Sir, I have 3 Lorries and hire them for goods transportation. Presently I am intending to purchase
3 Old lorries and seller is imposing GST about Rs. 7 Lacs on it.

Sir, I want to avail this ITC, whether I can avail or not, if there is any condition to avail this
ITC, please guide me.

I request to all the experts to guide me.

Rakesh Sharma

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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07 July 2020 You can't avail ITC as your output service is exempt.

Rakesh Sharma

Rakesh Sharma (Querist)
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08 July 2020 Sir, if I take GTA registration and ready to pay GST as forward charges i.e. 12%. What will
be the situation?

Please advise

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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08 July 2020 In such a case ITC can be claimed.

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Rakesh Sharma

Rakesh Sharma (Querist)
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09 July 2020 Thanks a Lot Sir, its mean I can claim ITC on old lorry.
Sir, you are brilliant and super intelligent. I salute you Sir.
Again Thank u so much my respected Sir.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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09 July 2020 Welcome....................

Message likes : 1 times