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GST credit

Shubham Magar (1 Points)

18 January 2020

gst credit for vehicle purchase

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3 Replies

VIKAS SAINI (1157 Points)
Replied 18 January 2020

Which type of vehicle you are purchasing

jayendra Gaonkar (Asst. Manager) (216 Points)
Replied 18 January 2020

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 exception to this condition. If the motor vehicle and other conveyances are used for making the following taxable supplies, the ITC is available on such goods.

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

Shivam RC (Student) (23683 Points)
Replied 18 January 2020

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 ???