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capial goods input

ITC / Input 319 views 6 replies
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162 Points Posted on 17 August 2018
I purchase Scotty of firm name my business trading in goods can I input of
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On 17 August 2018 at 14:35 Report
Replies (6)
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Coaching and Practice in Tax Audit Law
4429 Points Posted on 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.

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On 17 August 2018 at 14:51
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"Do the Right Thing...!!!"
128152 Points Posted on 17 August 2018
No...
ITC not allowed for vehicles as per sec 17(5) of CGST Act...


You can book it under Fixed Asset.
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On 17 August 2018 at 17:24
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Student
23693 Points Posted on 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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On 17 August 2018 at 21:31
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NARASANNAPETA
64 Points Posted on 17 August 2018
if u purchase on the business purposes then it's ITC can be eligible for claiming GST
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On 17 August 2018 at 22:36
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162 Points Posted on 17 August 2018
I delivered items to customer
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On 17 August 2018 at 22:50
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NARASANNAPETA
64 Points Posted on 17 August 2018
then u can claim input
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On 17 August 2018 at 22:51


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