Purchase Assets by Trust Exempted from GST?
This query is : Resolved
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Suvasis Giri
(Querist)
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?
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?
CA R SEETHARAMAN
(Expert)
16 January 2023
1 Not exempted.
2 No it's blocked credit no ITC can be claimed on car.
2 No it's blocked credit no ITC can be claimed on car.
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Suvasis Giri
(Querist)
19 January 2023
Thank you for clarification sir.
CA R SEETHARAMAN
(Expert)
19 January 2023
You are welcome...
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