Greeting,
Sir can i avail input tax credit on purchase Tyre for commercial vehicle.
Rohtash Kumar (9 Points)
08 July 2019Greeting,
Sir can i avail input tax credit on purchase Tyre for commercial vehicle.
Dinesh Reddy
(Professional)
(69 Points)
Replied 08 July 2019
If it is using for providing taxable outward supplies, you can avail the input tax credit.
Mudit Goel
(Associate)
(22 Points)
Replied 08 July 2019
You can avail the credit of purchase of tyre if
When such motor vehicles are used for
i) further supply of such vehicles or
ii) transportation of passengers or
iii) imparting training on driving of such motor vehicles.
ITC would further be admissible for leasing, renting or hiring of motor vehicles when such motor vehicles are used for above said purposes or where the recipient is engaged in the manufacture of such motor vehicles or in the supply of general insurance services in respect of such motor vehicles insured by him.
RAJA P M
("Do the Right Thing...!!!")
(127584 Points)
Replied 08 July 2019
| Originally posted by : Rohtash Kumar | ||
 |
If the vehicle is transporation of Goods |  |
Yes... You can if it's fulfilled the conditions of transportation as per sec 17(5)...
Shivam RC
(Student)
(23683 Points)
Replied 13 July 2019
Suresh Agrawal
(Tax Consultant)
(40 Points)
Replied 13 July 2019
Reference for more understanding of Cases Where Input Tax Credit under GST Cannot Be Availed-
https://cleartax.in/s/gst-cases-where-input-tax-credit-is-unavailable
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