Menu
About GST input
A person who is registered under Gst, purchase a new car for business purpose and supplier asked him for GSTIN no. Now I want to ask that he can get or not input tax credit under Gst on car. His business nature is jewelry shop
Replies (4)
GST paid on purchase of car cannot be claimed as input unless you are in the business of buying/selling cars and/or travel business
Hence in your case you cannot claim GST input on purchase of car and you include GST amount in cost of car and can claim depreciation under IT Act
Hence in your case you cannot claim GST input on purchase of car and you include GST amount in cost of car and can claim depreciation under IT Act
but in Gst 2A it Will shown as input if supplier will show it as sale
while purchasing the car you might have given GSTIN that is the reason it is reflecting in GSTR-2A
If you have any queries refer sec 17(5) of CGST Act
If you have any queries refer sec 17(5) of CGST Act
thank-you so much sir
Recent Topics :
- Rule 86(B) Applicability
- ROC FILINGS FY2025-26
- Mismatch in 26AS
- How Can a Trader Utilise Approximately ₹1.20
- How Can Law Students Present Papers at Conferences
- On which amount 200% penalty under section 270A is
- RECEIVED INTIMATION U/S 399 FOR TDS PAYMENT ON PRO
- How do CA firms track SEBI/AMFI circulars and dead
- Jurisdictional validity of Sec 148 notice after fa
- Taxable Income or Not
Related Topics :
CAclubindia
