sir I am a registered person under gst. and supplier of stone grit. now I am purchasing a truck to deliver the grit on purchaser site. so now weather I can take credit of igst.
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Can I take IGST credit on truck purchase
Replies (33)
Yes you can take input credit provided it is excusively used for transportation of goods. Kindly refer section 17(5)(a)(ii).
thanx sir
but sir my main business is sale of grit. and for delivery of that grit I will use this truck then I can take credit of igst
| Originally posted by : manish jaiswal | ||
 |
but sir my main business is sale of grit. and for delivery of that grit I will use this truck then I can take credit of igst |  |
Yes, you can. Kindly refer the stated section in CGST Act for proof.
@ Manish.,
You can't avail ITC from the purchase of truck.
Vehicle's ITC used by Transport business person/Firms only take. Otherwise no need....
You can't avail ITC from the purchase of truck.
Vehicle's ITC used by Transport business person/Firms only take. Otherwise no need....
yes u r correct sir
Originally posted by : RAJA P M
@ Manish., You can't avail ITC from the purchase of truck.Vehicle's ITC used by Transport business person/Firms only take. Otherwise no need....
ITC can be claimed. Kindly read 17(5)(a)(ii).
17(5) Notwithstanding anything contained in sub-section (1) of section 16 and sub-
section (1) of section 18, input tax credit shall not be available in respect of the following,
namely:—
(a) motor vehicles and other conveyances except when they are used––
(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;
| Originally posted by : Faraz | ||
|
Originally posted by : RAJA P M @ Manish., You can't avail ITC from the purchase of truck.Vehicle's ITC used by Transport business person/Firms only take. Otherwise no need.... Kindly read 17(5)(a)(ii). 17(5) Notwithstanding anything contained in sub-section (1) of section 16 and sub- section (1) of section 18, input tax credit shall not be available in respect of the following, namely:— (a) motor vehicles and other conveyances except when they are used–– (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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Mr. Raja kindly go through section 17(5)(a)(ii) carefully. I am reproducing again:
17(5) Notwithstanding anything contained in sub-section 1 of section 16 and sub-section 1 of section 18, input tax credit shall not be available in respect of
(a) motor vehicles and other conveyances except when they are used (ii) for transportation of goods;
17(5) Notwithstanding anything contained in sub-section 1 of section 16 and sub-section 1 of section 18, input tax credit shall not be available in respect of
(a) motor vehicles and other conveyances except when they are used (ii) for transportation of goods;
Mr. Faraz.,
Don't be confused. You can read again carefully.... Then You ll do advice for me...!
Don't be confused. You can read again carefully.... Then You ll do advice for me...!
ITC can't available for Vehicle purchase. The ITC available is related business only...
This is not CENVAT era. In CENVAT era, you could not avail. Under GST, words are different which enables anybody to avail input on purchase of vehicles if it is used for transportation of goods.
It's never too late to learn
It's never too late to learn
| Originally posted by : Faraz | ||
|
This is not CENVAT era. In CENVAT era, you could not avail. Under GST, words are different which enables anybody to avail input on purchase of vehicles if it is used for transportation of goods.It's never too late to learn | |
ITS VERY TOO MUCH....
YOU HAVE POINTS THEN POST HERE. IF NOT, ASK YOUR SENIORS OR GO TO READ THE LAW CAREFULLY. ITS USEFULL FOR YOU AND YOURS..
BUT, DON'T BE USE/WRITE RISBILITY WORDS...
Yes. I agreed to Its not CENVAT ERA....
All are purchased vehicles from dealers for using transportation only... Not stored in SHOW CASE...!
All are purchased vehicles from dealers for using transportation only... Not stored in SHOW CASE...!
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