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GST credit
gst credit for vehicle purchase
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Quick Summary
Which type of vehicle you are purchasing
The input tax credit on Motor vehicles and other conveyances are not allowed under GST if they are used for personal purpose. However, there is an
- A further supply of such vehicles or conveyances
- Transportation of passengers
- Imparting training on driving, flying, navigating such vehicles or conveyances
- For the transportation of goods
ITC on Motor Vehicles is specifically BLOCKED U/s 17(5) of the CGST Act 2017. But there are some exceptions of this Provision.
For what purpose you have purchased the Motor Vehicle ???
For what purpose you have purchased the Motor Vehicle ???
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