Dear sir/Madam
I want to buy second hand vehicle (2019 model)value RS 1 Crore from GST registrated company.
my company also GST registrated company . Can I take gst benifit or not . if I can take.
please explain sir.
THANK YOU
REGARDS
M.R.SARAVANADASAN
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GST INPUT BENEFIT FOR SECONDHAND VEHICLE
Replies (2)
If the vehicle is used for furtherance of business then ITC can be claimed
Subject to certain conditions in section 17(5) itc is not available
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