ITC on vehicle parts purchased.
This query is : Resolved
Quick Summary
26 March 2024
I supply construction materials vide my own trucks and bill amount raised is inclusive of truck freight. Whether I can claim ITC on truck-parts purchased by me ?
26 March 2024
Yes you can avail the ITC subject to the conditions specified u/s 17(5) of the CGST Act. However, prima facie it seems to be like the truck is being used for the purpose of transportation of goods, hence the same can be availed.
Message likes :
1 times
26 March 2024
Agree with the Experts opinion but subject to the conditions and as laid down in Sec 17(5) and also nature of business
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
- CLOSING STOCK QUERY
- Exiting partner in partnership firm in gst portal
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Residential status of non resident
- Error in uploading Form 10BD
- NRI INSURANCE ADVISOR
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Sale of Mutual Funds In Diffirent Financial Years
- DUE DATE FOR ITR FILING
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
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
