The case is service provider say repairer of goods arranges for transport of those repaired goods at the place of receiver.
The owned small goods transport vehicle (like Tempo) is used for that transportation.
Whether ITC would be allowed on purchase of vehicle in that case considering provisions of clause (ii) of Section 17(5) of CGST act, 2017 since it is used for transportation of goods ?
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ITC for Vehicle used for Transportation of Goods
Replies (5)
You can claim ITC
Thanks for your views!
Yes ITC available on vehicle being used for transportation of Goods.
Yes you can claim Input Tax Credit ( ITC ) on Motor Vehicle ( Tempo ) used for Transportation of Goods provided all the FOUR CONDITIONS as laid down U/s 16(2) of the CGST Act 2017 is satisfied...
TANKER IS IN THE NAME OF PARTNERS OF THE FIRM
TANKER IS USED FOR THE PURPOSE OF BUSINESS TO TRANSPORT TAXABLE GOODS (EDIBLE OILS)
WE ARE SHOWING TANKER AS ASSET IN THE FIRM BALANCE SHEET.
FREIGHT CHARGES COLLECTED BY ADDING TO SELLING PRICE OF PALMOLIEN OIL.
IS THERE ANY POSSIBILITY TO LEVY GST ON FREIGHT CHARGES AS THE VEHICLES IS NOT IN THE NAME OF THE FIRM.
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