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capial goods input
I purchase Scotty of firm name my business trading in goods can I input of
Replies (6)
| Originally posted by : anand sharma | ||
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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.
No...
ITC not allowed for vehicles as per sec 17(5) of CGST Act...
You can book it under Fixed Asset.
ITC not allowed for vehicles as per sec 17(5) of CGST Act...
You can book it under Fixed Asset.
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.
You can't claim INPUT TAX CREDIT ( ITC ) on Motor Vehicle purchased as it is Blocked u/s 17(5) of CGST Act 2017.
if u purchase on the business purposes then it's ITC can be eligible for claiming GST
I delivered items to customer
then u can claim input
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