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Input credit for GTA
One of my Client is providing service of Goods Transport agency. He purchased a Vehicle (Lorry) for the same. Can he get the credit of GST applied on purchase of such vehicle?
Replies (3)
If he is charging 12% output tax on his GTA services, then he may avail ITC on Vehicle purchases.
tax charged by GTA ITC
5 % not ITC allowed
12 % ITC allowed
Yes ..if he has been opted the option to pay GST FC 12% (Refer Notification 22/2017 CT(r))
Note : The option can opted on start of Fy & need to carry the same till end of Fy.
Note : The option can opted on start of Fy & need to carry the same till end of Fy.
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