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GST Credit of Truck purchase... by transporter

ITC / Input 4004 views 10 replies
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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 ....
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On 01 September 2018 at 00:20 Report
Replies (10)
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Partner
59 Points Posted on 01 September 2018
Yes in such a case ITC available
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On 01 September 2018 at 00:36
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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.
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On 01 September 2018 at 06:15
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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
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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
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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
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34 Points Posted on 01 September 2018
because I want to take credit of GST paid on trucks purchase
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On 01 September 2018 at 19:06
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22 Points Posted on 02 September 2018
yes..sir. you can avail ITC on the same
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On 02 September 2018 at 23:53
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34 Points Posted on 03 September 2018
thank u Dhawal ji
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On 03 September 2018 at 08:38
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Accountant
64 Points Posted on 23 July 2019

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

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On 23 July 2019 at 13:23
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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


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