capial goods input

anand sharma (157 Points)

17 August 2018

I purchase Scotty of firm name my business trading in goods can I input of

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Ruchika Somani (Coaching and Practice in Tax Audit Law.) (4429 Points)
Replied 17 August 2018

Originally posted by : anand sharma
	I purchase Scotty of firm name my business trading in goods can I input of

Yes

Only if you dont claim depreciation on GST paid.

RAJA P M ("Do the Right Thing...!!!") (127140 Points)
Replied 17 August 2018

No...
ITC not allowed for vehicles as per sec 17(5) of CGST Act...

You can book it under Fixed Asset.

Shivam RC (Student) (23683 Points)
Replied 17 August 2018

Agree with Raja Sir...

You can't claim INPUT TAX CREDIT ( ITC ) on Motor Vehicle purchased as it is Blocked u/s 17(5) of CGST Act 2017.

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SIVASANTHOSH T (NARASANNAPETA) (64 Points)
Replied 17 August 2018

if u purchase on the business purposes then it's ITC can be eligible for claiming GST

anand sharma (157 Points)
Replied 17 August 2018

I delivered items to customer

SIVASANTHOSH T (NARASANNAPETA) (64 Points)
Replied 17 August 2018

then u can claim input

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