Hi. I am holding COP and i am collecting service tax on bills raised by me to my client. I am planning to purchase a car in coming 4-5 months. During that time, GST will be in place. I want to know, whether i can take credit of GST paid on Car purchased by me against GST payables on my services?
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Input credit of gst paid on purchase of car
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Items on which credit is not allowed
- Motor vehicles and conveyances except the below cases
- Such motor vehicles and conveyances are further supplied i.e. sold
- Transport of passengers
- used for imparting training on driving, flying, navigating such vehicle or conveyances
- Transportation of goods
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