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Vehicle purchase for transportation of Goods

This query is : Resolved 

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

01 April 2022 You can take ITC credit of GST on the goods transportation vehicle Bolero.

01 April 2022 And what's about Depreciation??

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.

01 April 2022 Thank you so much all of you for given prompt reply.

02 April 2022 Can we claim GST ITC on body making charges???

02 April 2022 Yes, you can claim ...

02 April 2022 Thank you so much sir.


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