Itc claim gstr3b

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401 Points Posted on 06 October 2020
I have claimed itc on vehicle in may 2018Was it right to claim or wrong
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On 06 October 2020 at 17:56 Report
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This discussion clarifies whether claiming Input Tax Credit (ITC) on vehicles under GSTR-3B is permissible. Generally, ITC is allowed for commercial vehicles used in the transportation of goods. However, if the vehicle is for personal use or if the ITC wasn't reflected in your GSTR-2A, you may need to reverse the credit and pay interest.

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Tax and Business Consultant
11616 Points Posted on 06 October 2020
Vehicles is Goods carriage (i.e commercial vehicles) or passenger vehicles ?
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On 06 October 2020 at 18:52
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GST Practitioner
55067 Points Posted on 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
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On 06 October 2020 at 23:43
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401 Points Posted on 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
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On 07 October 2020 at 09:02
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GST Practitioner
55067 Points Posted on 15 October 2020

If it is used for transportation of Goods , yes then ITC is available. 

For not reflecting in 2A , need to talk to your supplier.

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On 15 October 2020 at 00:02

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