Can we avail input gst on truck purchase

MIGHT YOU PL CLARIFY BELOW DOUBTS

1.one of our client manufacturing foods products , purchased Truck for material transportation . can we claim input for truck?

2.one of my client providing works contract services , received 500000 advance from his client and paid 500000 advance same day to sub contractor ?

3.can we claim gst input on insurance premium for co-operative bank ?

 

THANKS INADVANCE 

Replies (7)

1. No, you are not able to claim the ITC. 

2. Please clarify the question.

3. Yes, You can claim.  

Vehicle is specially excluded for ITC claiming however if it is fulfill particular conditions i.e. for factory use, courier company, training purpose then ITC will be available

2ND QUESTIONON

2.one of my client providing works contract services , received 500000 advance from his client and paid 500000 advance same day to sub contractor ? 

IN ABOVE CASE WHO WILL PAY GST ON ADVANCE?

 

Both transaction are seperate and liable to charge GST. You need to pay the GST on advance received by you. And your sub-contractor need to pay GST on advance received by them. 

we took insurence policy in novmber month , policy valid nov 2017 to oct 2018 , can we claim input in single shot( can we utilize 100% itc in  November month )?

 

 

Thanks in advance

You can claim GST on that in one shot. 

one of our client manufacturing foods products , purchased Truck for material transportation . can we claim input for truck?

 

as per cgst 17(5)  credit allowed.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 29 October 2026
Article Assistant (CA Inter / CMA Inter) - Thrissur

Varma Raja & Associates

Thrissur

CA Inter

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
10 November 2026
FP&A Executive

Gujarat Guardian

Ankleshwar

CA Final

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 14 November 2026
Articleship Assistant

B Thejas and Associates

Bengaluru

CA Foundation

View Details
Company
02 November 2026
Audit Executive

SRJP & Co LLP

Kochi

CA Inter

View Details
Company
10 November 2026
Direct Tax Manager

CAAQ CONSULTANCY PVT LTD

New Delhi

CA Final

View Details
Company
ARTICLESHIP 25 October 2026
Article Intern (CA Articleship)

Arpan Bohra & Co

Hyderabad

CA Inter

View Details