Gst itc credit on Cargo Car

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ca
52 Points Posted on 07 October 2020
is itc available on Cargo car purchase for transportation of goods by medical stores firm.
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On 07 October 2020 at 17:52 Report
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Yes, Input Tax Credit (ITC) is generally available on the purchase of cargo cars if they are used for the transportation of goods by a medical store firm. This is because the vehicle is considered a transportation vehicle. However, it's crucial to ensure that all four conditions under Section 16(2) of the CGST Act 2017 are met before claiming the ITC.

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"Do the Right Thing...!!!"
128157 Points Posted on 07 October 2020
Yes, if it's transportation vehicle then You can avail ITC.
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On 07 October 2020 at 19:41
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Student
23693 Points Posted on 07 October 2020
Yes, ITC is available since the Motor Vehicle is being used for "transportation of goods." Kindly ensure that all the four conditions as laid down u/s 16(2) of the CGST Act 2017 for claiming ITC has been satisfied before claiming ITC.
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On 07 October 2020 at 20:43
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GST Practitioner
55067 Points Posted on 07 October 2020
Yes itc is available.
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On 07 October 2020 at 23:57

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