GST input on Pick up truck

GST 392 views 1 replies

HI, We are into mining of natural material and manufacture of fertilizers. We have bought a isuzu pick up truck with a weight capacity of 1 ton (commercial plate) for transport of our fertilizers to farmers and dealers. I was told that ITC can be availed by us as this is only for business use. Please advise if I can claim GST , if yes Should I do it in one go or as some say over a period of 60 days. If I have to claim over a period of 60 days how do I match my inputs with supplier outputs as for ex we bought this in May22 and supplier would file it in May 22, so if I claim entire amount in May 22, tallying is done but If I have to apportion it over 60 months, How do I do that. Please advise and thanks in advance

Replies (1)

ITC is available.

There is no such concept of 60 days, as per my understanding. 

You can avail the entire credit in the same month. 


CCI Pro

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