Vehicle purchase for transportation of Goods
This query is : Resolved
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Ikramuddin Saifi
(Querist)
01 April 2022
Dear Sir,
We are the manufacturing Pvt. Ltd. co., we purchased a BOLERO PICKUP (CNG) for transporation of finished goods From manufacturing co. to Sale Depot. I want to know Can we take ITC Credit of GST or Not??? Thanks in Advance
We are the manufacturing Pvt. Ltd. co., we purchased a BOLERO PICKUP (CNG) for transporation of finished goods From manufacturing co. to Sale Depot. I want to know Can we take ITC Credit of GST or Not??? Thanks in Advance
01 April 2022
You can take ITC credit of GST on the goods transportation vehicle Bolero.
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Ikramuddin Saifi
(Querist)
01 April 2022
And what's about Depreciation??
CA Puja Sharma
(Expert)
01 April 2022
You can take the ITC against the Bolero.
You will charge depreciation on the Bolero price excluding the GST component for which you have claimed ITC.
You will charge depreciation on the Bolero price excluding the GST component for which you have claimed ITC.
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Ikramuddin Saifi
(Querist)
01 April 2022
Thank you so much all of you for given prompt reply.
Ikramuddin Saifi
(Querist)
02 April 2022
Can we claim GST ITC on body making charges???
02 April 2022
Yes, you can claim ...
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Ikramuddin Saifi
(Querist)
02 April 2022
Thank you so much sir.
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