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About GST input

CA Final 163 views 4 replies
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7 Points Posted on 20 August 2018
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
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On 20 August 2018 at 20:03 Report
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45 Points Posted on 20 August 2018
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
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On 20 August 2018 at 20:44
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7 Points Posted on 20 August 2018
but in Gst 2A it Will shown as input if supplier will show it as sale
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On 20 August 2018 at 22:45
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45 Points Posted on 20 August 2018
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
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On 20 August 2018 at 23:03
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7 Points Posted on 20 August 2018
thank-you so much sir
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On 20 August 2018 at 23:07


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