ITC ELIGIBLE ON TRACTOR PURCHASE FOR TRANSPORATION OF GOODS

Hello 

 

As we are manufacture of Electronic Items , Tractor purchased for Transportation of Goods, can we avail the ITC  related with Tractor and Connected Insurance .

Please share with GST Notification number.

Replies (4)
Quick Summary
This discussion clarifies whether Input Tax Credit (ITC) is claimable on the purchase of tractors used for transporting goods, along with associated insurance costs. The consensus is that ITC is indeed eligible. Participants are advised to refer to Section 17(5) of the GST Act for detailed provisions regarding blocked credits.

Yes you can

Thanks for replying

 

Can you please share the GST Rule Number for this and also for Insurance Part ?

Yes ITC is available.

Go through the section 17(5) blocked credit.
You Can check Sec 17(5)

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