sir my friend is distributor trading business, he purchased BSV VEHICLE, ti supply retailer in 2020 , he has claimed gst input tax, he not claimed depreciation in income tax. know gst department issued a notice pay the gst amount on which you have claimed on vehicle, we have pay or any law repl
y the notice
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Capital Goods gst
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Summary: In general, ITC on motor vehicles (seating capacity ≤ 13) is blocked for trading businesses. Unless the business involves selling the vehicles themselves, transporting passengers for a fee, or running a driving school, the ITC claim is likely ineligible. You should seek professional advice to respond to the notice and prepare to reverse the credit with interest if it was claimed incorrectly.
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