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
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.
Message likes :
1 times
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.
You will charge depreciation on the Bolero price excluding the GST component for which you have claimed ITC.
Message likes :
1 times
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 ...
Message likes :
1 times
02 April 2022
Thank you so much sir.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CLOSING STOCK QUERY
- TDS _Long term Capital Gain ref.sec 214 Table 2
- CASH GIFT FROM BLOOD RELATIVE
- TDS offline utility
- Due Date Clarity
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Traces submitting correction statement error
- Gst on travel by air for business purposes
- Rent claimed on building given on permissive possession basis
- DUE DATE FOR ITR FILING
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
