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Input Tax Credit

ITC / Input 197 views 5 replies
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7059 Points Posted on 07 March 2019
I am making and supply of local delicacies.I have GST Number.I bought a delivery vehicle to sell products in vary shops.Can I have avail ITC .
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On 07 March 2019 at 15:16 Report
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Finance Executive
47 Points Posted on 07 March 2019
Yes. You can sir
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On 07 March 2019 at 15:23
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7059 Points Posted on 07 March 2019
sec17(5) is applicable to me yes or no.
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On 07 March 2019 at 15:41
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Finance Executive
47 Points Posted on 07 March 2019
As per sec 17(5) of CGST Act you can avail ITC when moter Vehicle is used transportation of Goods.
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On 07 March 2019 at 16:19
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20 Points Posted on 08 March 2019
sir we can use motorcycle in business orders n collection , that new byke purchase we can shown input credit or not
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On 08 March 2019 at 07:08
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Finance Executive
47 Points Posted on 08 March 2019
Yes, if it is used for delivering a taxable supply. If the vehicle is for both business and personal use then you should identify the quantam of personal use and reverse ITC of such quantam of personal use.
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On 08 March 2019 at 08:49


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