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

Sunil Manohar

20 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.

Replies (3)

Pankaj Rawat

GST Practitioner

20 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;

Sunil Manohar

20 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.

Pankaj Rawat

GST Practitioner

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

Sunil Manohar

Pankaj Rawat

Sunil Manohar

Pankaj Rawat

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

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