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Gst input credit taken on purchase of vehicle.

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Gautam Verma

ACCOUNTANT

23 Points Posted on 25 September 2019

Hello All,

I had buyed a car i vehicle on the name of my firm . i had mentioned my mentioned my GST NO. to the supplier. they had deposited GST into my GSTN no.
i had taken the input credit against same and filled my GST return accordingly.
I dad taken GST input against my GST liability in the month of May-2019.

Kindly guide me what can i do now.

Thankyou
Gautam

Replies (5)

RAJA P M

"Do the Right Thing...!!!"

77833 Points Posted on 25 September 2019

What is Your exact business activities..?
Are You use the Car for transport business like rental..?
Are You registered Your car in T-Board..?

Gautam Verma

ACCOUNTANT

23 Points Posted on 25 September 2019

I have a shop and there is no any activity of Transport business or car rental business.

Thankyou

RAJA P M

"Do the Right Thing...!!!"

77833 Points Posted on 25 September 2019

(I have a shop and there is no any activity of Transport business or car rental business)

- Then ITC not available in your case...
- If You are already availed the ITC then reverse the same with 24% interest...

ETO HAMIRA

23 Points Posted on 25 September 2019

Kindly explain if vehicle carrying goods in packet along with eway bill and bill of 100 pieces and when officer intervened vehicle and checked packet and found 110 pieces and at which items tax is payable 10 or 110?