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.
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