ITC related query

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If you've purchased a vehicle under your GST business name for transporting goods, such as reselling bottled water, you can claim Input Tax Credit (ITC) on the GST paid. This ITC must be claimed over a period of 60 months and cannot be claimed in full at once in your GSTR-3B filing.

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(Querist)
26 March 2020 If carrying out business of reselling bislery water. purchased vehicle on Gst business name and used for transportation of goods. In such case can we take ITC of vehicle gst paid at time of purchased.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
27 March 2020 Yes ITC can be claimed on such vehicle used for transportation over a period of 60 months.
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deepak

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deepak (Querist)
17 April 2020 Can we claim this vehicle full 100 % ITC at one time in gstr-3b?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
17 April 2020 No claim ITC over a period of 60 months.
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