GST credit for business purposes

245 views
User Avatar

50 Points Posted on 31 December 2021
I have purchased vehicle for my business related work then can i claim the credit in GST act.
0 Reply Share Follow
On 31 December 2021 at 13:57 Report
Replies (5)
Quick Summary
This discussion clarifies whether GST credit can be claimed for a vehicle purchased for business purposes. The consensus is that credit is generally only available for commercial vehicles. If the vehicle is primarily for personal use and not a commercial vehicle, Input Tax Credit (ITC) cannot be claimed due to blocked credit provisions under Section 17(5) of the GST Act.

User Avatar

GST Consultant
15986 Points Posted on 31 December 2021
Only if it is a commercial vehicle.
Reply
On 31 December 2021 at 19:19
User Avatar

50 Points Posted on 31 December 2021
It's not commercial Vehicle. it's for personal use
Reply
On 31 December 2021 at 20:09
User Avatar

GST Consultant
15986 Points Posted on 31 December 2021

No ITC................

Reply
On 31 December 2021 at 20:15
User Avatar

50 Points Posted on 31 December 2021
Okay thanks for your reply
Reply
On 31 December 2021 at 20:18
User Avatar

Profession
28271 Points Posted on 01 January 2022
Sec 17(5) blocked credit
Reply
On 01 January 2022 at 13:26

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. APPLICABILITY AND BREAKDOWN OF GST COMPLIANCE ON S
  2. Advance for supply of goods
  3. Question for members: how do you manage client doc
  4. Clarification Required on Invoicing and Receipt of
  5. SEBI Registered VS NSDL Registered RTA
  6. Income tax or capital gain tax for Resident Indivi
  7. PCIT-1 Thane Email address
  8. CA Fees deduction for non audit case allowed?
  9. 5th Letter PAN Mismatch with Surname issues still
  10. Criteria to hire an article

More recent discussions | Post

Related Topics :

Loading