How can transporter claim credit or refund of GST paid on purchase of Truck? As there is no liability for GST in case of transporters, they are not eligible for the credit than how they take refund of the GST paid at the time of Purchase of Truck?
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GST - REFUND OF GST PAID ON PURCHASE OF TRUCK TO TTRANSPORTERS
Replies (2)
There is no refund in this particular case
Truck in this case its a capital asset you have two options one is to claim itc for that truck and to claim depreciation on taxable value and the second option is leave itc and to claim depreciation on invoice value
contact : mrgstconsultancy @ gmail.com
contact : mrgstconsultancy @ gmail.com
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