ITC on vehicle parts purchased.
This query is : Resolved
Quick Summary
Mahabir Prasad Agarwal
(Querist)
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 ?
CA Kushwanth AVSR
(Expert)
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 :
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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
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