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This discussion clarifies GST input tax credit eligibility for a partnership firm involved in truck tyre trading and hiring out its own trucks to GTA. While input tax credit is generally available for trading, it's not permissible on purchases for own use if the truck hiring service to GTA is GST exempt. The advice also touches upon claiming input tax credit for transport businesses where GST is charged.

sankar ponnan

sankar ponnan (Querist)
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18 February 2022 Sir / Mam

Entity:
Partnership firm
Reg.Under GST :
Yes

Nature of Business:
1- Trading of Truck Tyres,Spares,Oils
2- Hiring of Own Trucks to GTA

I have to purchase the Truck tyres, Spares etc., both for the purposes for my own and trading.
Can I avail the GST inputs even on the purchase of Own use and utilize that credits towards the GST ouput of trading business?
Kindly advice me plz
Thanks in adv

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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18 February 2022 Hiring of own trucks to GTA is exempt from GST. in such a case GST input can't be availed on own use.

sankar ponnan

sankar ponnan (Querist)
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23 February 2022 Incase of Trucks Not to Hiring to GTA but running the trucks by own for transport business,
What will be the position sir to claim input?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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23 February 2022 Input can be claimed if GST charged on transport business.

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