Brought a commercial vehicle and paid 28% gst, is any way to claim the paid gst

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28 Points Posted on 27 July 2018

Hello All,

I have recently purchased a commercial vehicle and paid GST of 28% . One of my friend says if we apply for reversal(He is not sure what it is) but that 28% will be credited back to me. Is any way to claim the paid GST. 

Kindly guide us on this.

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On 27 July 2018 at 22:18 Report
Replies (3)
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GST Practitioner
29904 Points Posted on 28 July 2018
Yes ,.. you can claim ITC , if
Vehicle purchase used for following

(i) for making the following taxable supplies, namely:—
(A) further supply of such vehicles or conveyances ; or
(B) transportation of passengers; or
(C) imparting training on driving, flying, navigating such vehicles
or conveyances;
(ii) for transportation of goods;
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On 28 July 2018 at 20:00
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28 Points Posted on 28 July 2018

We are using for

(ii) for transportation of goods; 

Can you pls explain more about ITC and its benefits.
 

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On 28 July 2018 at 20:33
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GST Practitioner
29904 Points Posted on 28 July 2018

Dear 

I have already replied on your query earlier 

If you are GTA then only can avail ITC if you charge 12%  GST on your outward supplies 

If tranporter then your services are exempted , so cannot avail ITC on your inward supply

 

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On 28 July 2018 at 21:03

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