banner_ad

GST Credit of Truck purchase... by transporter

ITC / Input 4033 views 10 replies
User Avatar

34 Points Posted on 01 September 2018
hi , is GST credit available to transporter ...
who is not covered in. RCM ....& not charging GST @ 5 %
.......
He is paying GST @ 12% on forward charges basis ....
IS ITC available to him on purchase of truck .... ??
he is having 2 TRuck ..... total GST paid on. truck acquisition is around 6lacs ....
Reply Share Follow
On 01 September 2018 at 00:20 Report
Replies (10)
User Avatar

Partner
59 Points Posted on 01 September 2018
Yes in such a case ITC available
Reply
On 01 September 2018 at 00:36
User Avatar

CA Final Student
566 Points Posted on 01 September 2018
Hi Shyam,
Yes, you can avail ITC. Sec. 17(5) which talks about 'blocked credits' doesn't apply to vehicles purchased for transportation of goods.
Hence, ITC can be availed.
Reply
On 01 September 2018 at 06:15
User Avatar

GST Practitioner
55067 Points Posted on 01 September 2018
Yes , As per notification 22/2017 , GTA given option to charge Gst 12% on forward charge can avail ITC on his inward supply.

Hence you can avail ITC
301 Reply
On 01 September 2018 at 09:20
User Avatar

Student
23688 Points Posted on 01 September 2018
You can avail the benefit of INPUT TAX CREDIT ( ITC ), since you are using the Trucks in the course of business i.e Transportation of Goods and the credit of the same is not Blocked u/s 17(5).
97 Reply
On 01 September 2018 at 10:09
User Avatar

GST Practitioner
55067 Points Posted on 01 September 2018
But As per Notification 12/2017 CT (r) , under S.no.18 (Hsn 9965) Transporter services by road is exempted , why are you charging 12 % Gst on your Outward supply.
301 Reply
On 01 September 2018 at 19:00
User Avatar

34 Points Posted on 01 September 2018
because I want to take credit of GST paid on trucks purchase
Reply
On 01 September 2018 at 19:06
User Avatar

22 Points Posted on 02 September 2018
yes..sir. you can avail ITC on the same
Reply
On 02 September 2018 at 23:53
User Avatar

34 Points Posted on 03 September 2018
thank u Dhawal ji
Reply
On 03 September 2018 at 08:38
User Avatar

Accountant
64 Points Posted on 23 July 2019

Can the transporter claim refund of the input credit of the truck purchase

Reply
On 23 July 2019 at 13:23
User Avatar

GST Practitioner
55067 Points Posted on 24 July 2019
The GTA is required to claim ITC on his inward supplies if charge GST 12% on forward charge , hence if you are transporter & not GTA then cannot claim ITC as your your outward supply is Exempted
301 Reply
On 24 July 2019 at 23:46


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
04 May 2026
Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
03 May 2026
Senior Chartered Accountant

Nirmal Jain & Co

New Delhi

CA

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details