when a gst registered person may purchase a vehicle for his office use.he may include as his purchase in the gstr 3B?
is it possible to record in his purchase as 3B?
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Claiming of input tax credit
Replies (6)
Dear sudeesh,
Please note that input credit on motor vehicles will be allowed only when you are in business of resale or renting of motor vehicles otherwise such input is ineligible as per sec 17(5) of CGST Act, 2017.
In GSTR-3B such input to be included in all other ITC and in reversal under others the amount has to be mentioned. Also down 17(5) ineligible credit also you amount have to be mentioned.
Please note that input credit on motor vehicles will be allowed only when you are in business of resale or renting of motor vehicles otherwise such input is ineligible as per sec 17(5) of CGST Act, 2017.
In GSTR-3B such input to be included in all other ITC and in reversal under others the amount has to be mentioned. Also down 17(5) ineligible credit also you amount have to be mentioned.
No you Can't show Purchase of Vehicle for his office use in GSTR-3B Because it is used For Your personal Use if you purchased motor vehicle for further resale purpose . So You can claim ITC
No . I'm purchase that vehicle for my business purpose.
sujith sir, so I can't claim that purchase in 3B?
Yes, you cant claim input credit of same. But you can disclose input and reverse in GSTR-3B
sorry
I can't understand.can u explain?
I can't understand.can u explain?
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