ITC CLAIM ON PURCHASE OF TEMPO OR TRANSPORTATION BUDINEDD

can we claim Itc paid on purchase of tempo for business ????

and if we claim can we claim refund in our bank account??


pls help me out
Replies (6)
Quick Summary
This discussion explores whether Input Tax Credit (ITC) can be claimed on the purchase of a tempo or other transportation vehicles for business purposes under GST. The consensus is that ITC is claimable for goods carrier vehicles. However, it's clarified that the ITC cannot be directly refunded into a bank account; instead, it remains in the GST portal to offset future tax liabilities.

Pay tax on transport revenue on forward charge basis @ 12%. You can claim Itc.
Patel sir...
Normally we don't issue any gst invoices to customers for ther service we provide,
and we only buy tempo spare parts and pays the amount gst included
You can claim ITC for goods carrier vehicle. I have plan for that.
Could u share plan
You do not get ITC claim in cash, it remains in portal, you can just use it for tax paying purpose.
Rahul sir usually we don't raise any sales bill in gst...

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register