Itc on vehicle expenses bills
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 November 2018
I am a supplier of various building materials and hardware goods to various customers. I am registered as regular assesses under GST. I own 2 trucks which are used in business of supply. I have to purchase vehicle parts regularly for my trucks and also incur expenses on repairing on trucks. May I claim ITC on vehicle expenses ? If yes, how ? Please guide me.
19 November 2018
The restriction on availment of ITC is only in case of purchase of motor vehicle As per sec 17(5) of CGST Act. But no restriction on repair & insurance taken on such motor vehicle. So can eligible to ITC on the same.
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