ITC eligible?

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tax practiccner
10 Points Posted on 13 August 2020
I am registered dealer in GST act my inward and outward supplies are Taxable I bought four wheeler auto (Ashoke Leyland) in my Enterprise name with GST for carrying goods shall I take take ITC for the same? Experts pls clarify Thanks.
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On 13 August 2020 at 08:29 Report
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Quick Summary
This discussion clarifies whether a GST-registered dealer can claim Input Tax Credit (ITC) on a four-wheeler auto purchased for carrying taxable goods. Experts confirm that if the primary intention and use of the vehicle is for the transportation of goods, and it's a commercial vehicle (not a passenger vehicle), then ITC can be claimed.

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Tax and Business Consultant
11616 Points Posted on 13 August 2020
If it's commercial vehicles, used for transportation Goods (Its Goods carriage auto, not Passanger vehicle ) than you can take ITC of same.
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On 13 August 2020 at 08:35
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tax practiccner
10 Points Posted on 13 August 2020
Thanks for your valuable replay sir
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On 13 August 2020 at 08:38
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20 Points Posted on 13 August 2020
If primary intention of it's use is carriage of good than yes you can benefit of ITC.
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On 13 August 2020 at 10:13
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44 Points Posted on 15 August 2020
Yes you can take itc
1 Reply
On 15 August 2020 at 14:34

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