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ITC claim vichle for business use

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Laxmi Consultancy

30 Points Posted on 02 March 2020

mera business ek kirana itam ka holesale business h main apne business ko marketing aur goods le jana le aane ke liye ek Tata magic purchase kiya hu kya main vichle pr GST ka ITC claim kar sakta hu kab aur kha kar sakta hu

Replies (4)

Quick Summary

If you've purchased a vehicle like a Tata Magic for your wholesale kirana business to transport goods and for marketing, you can claim the GST Input Tax Credit (ITC). This credit can be claimed monthly by filing your GSTR-3B under the 'ITC availed' section. The ITC is fully eligible for goods vehicles and passenger vehicles with more than 13 seats used for business purposes, covering purchase, lease, rental, insurance, repairs, and maintenance. However, ITC is blocked for passenger vehicles with fewer than 13 seats, regardless of business use.

Inspector Kuldeep Singh

32 Points Posted on 02 March 2020

U can take credit by filing gstr3b monthly under the head ITC availed.

provil jain

31 Points Posted on 03 March 2020

But school bus ya fir staff bus ke liye ITC kyo nahi claim kr sakte

Pankaj Rawat

GST Practitioner

29904 Points Posted on 03 March 2020

Haa. ji aap credit claim Kar saktey

CA Akshay Hiregange

Partner - Audit & Assistance

3708 Points Posted on 03 March 2020

1) Goods vehicle for business use - ITC fully eligible on purchase/lease/rental including insurance, repairs & maintenance.

2) Passenger vehicle with more than 13 seater used for business - ITC fully eligible on purchase/lease/rental including insurance, repairs & maintenance.

3) Passenger vehicle less than 13 seater (whether or not for business) - ITC on all related goods/services blocked.