WATER TANKER PURCHASE
This query is : Resolved
16 December 2024
DEAR SIR,
WATER TANKER AND TWO WHEELAR PURCHASE FOR COMPANY , IS GST INPUT ALLOWED ?
REGD/RAJESH
WATER TANKER AND TWO WHEELAR PURCHASE FOR COMPANY , IS GST INPUT ALLOWED ?
REGD/RAJESH
Dhirajlal Rambhia
(Expert)
16 December 2024
ITC on the tanker purchase could be allowed if used for taxable supplies or business activities, but not if used for transporting exempt goods. No ITC on two wheeler unless it's used for specific business activities, as that falls under the restrictions of Section 17(5).
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