This discussion clarifies whether GST paid on a car purchased by an educational trust is exempt. The consensus is that it is not exempted. Furthermore, it addresses whether GST credit can be claimed even without taxable sales. The answer is no, as it's considered blocked credit and input tax credit (ITC) cannot be claimed on car purchases.
16 January 2023
We have an Educational Trust & MSME registration but don't have GST no., purchase a car in the name of trust.
1. Is the GST paid for the Car , exempted? 2. If we have GST no. can we claim GST credit refund although we don't have any taxable sale/GST payable for any sale?