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Itc claim gstr3b

Pawan Gupta (401 Points)

06 October 2020

I have claimed itc on vehicle in may 2018Was it right to claim or wrong

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4 Replies

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 06 October 2020

Vehicles is Goods carriage (i.e commercial vehicles) or passenger vehicles ?

Pankaj Rawat (GST Practitioner) (55032 Points)
Replied 06 October 2020

If it is being used in transportation of goods then it is ok , else need reverse the same by paying in cash ledger with interest . (File DRC 03 for setoff)

Note : Refer Section 17(5) & Section 50 ,both CGST Act

Pawan Gupta (401 Points)
Replied 07 October 2020

It is being used for transportation of goods to parties but the problem is that itc was not shown in 2a by the party from whom we purchased but we have invoice with gst no