ITC ON TRUCK LORRY FOR TRANSPORTATION OF DIESEL
This query is : Resolved
29 August 2020
Dear Sir,
i have petrol pump of BPCL and BPCL delever diesel and petrol at our pump (outlate) through transportar, but i purchase a tankar and contract with bpcl for transportation of petrol & diesel .
now I pay GST on purchase on tankar and charge gst on transportation service to bpcl,
can i claim GST input of gst paid on purchase of tankar?
thanks
i have petrol pump of BPCL and BPCL delever diesel and petrol at our pump (outlate) through transportar, but i purchase a tankar and contract with bpcl for transportation of petrol & diesel .
now I pay GST on purchase on tankar and charge gst on transportation service to bpcl,
can i claim GST input of gst paid on purchase of tankar?
thanks
29 August 2020
Tankers are used as inputs for your outwards supplies i.e. transportation of diesel, hence there is no bar in taking the ITC on tankers
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30 August 2020
Yes you can claim ITC on the purchase of Tanker because ITC is allowed on motor vehicle for transportation of goods.And Diesel is covered in the definition of goods under GST.
“Goods’’ means every kind of movable property other than money and securities but includes actionable claims ,growing crops, grass and things attached to or forming part of the land which are agreed to be severed before supply or under a contract of supply.
“Goods’’ means every kind of movable property other than money and securities but includes actionable claims ,growing crops, grass and things attached to or forming part of the land which are agreed to be severed before supply or under a contract of supply.
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