ITC ON COMMERCIAL VEHICLE PURCHASED FOR DELIVERY OF GOODS

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Free Learner
193 Points Posted on 26 December 2020

Mr. A holds agency of Bharat Gas for distribution of Household as well as commercial LPG Cylinders. Mr. A wants to buy new vehicle for Delivering LPG Cylinders to customers door step and He charges additional amount for such services. 

Mr. A wants to buy a new commercial vehicle for delivery of goods will he eligible to claim ITC of GST paid on such vehicle ?

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On 26 December 2020 at 20:34 Report
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Quick Summary
This discussion clarifies whether an agency distributing LPG cylinders can claim Input Tax Credit (ITC) on a new commercial vehicle purchased for doorstep delivery. The consensus is that ITC is indeed available for vehicles used for transporting goods for business purposes, including LPG cylinder delivery.

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article
533 Points Posted on 26 December 2020
Yesssss
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On 26 December 2020 at 21:50
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Practicing Chartered Accountant
681 Points Posted on 26 December 2020
Yes, GST ITC will be available on such vehicle.
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On 26 December 2020 at 23:04
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Accountant
2102 Points Posted on 26 December 2020
Yes...

You can claim ITC
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On 26 December 2020 at 23:05
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STUDENT
1120 Points Posted on 27 December 2020
Can Claim , Business related activity
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On 27 December 2020 at 09:34
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25 Points Posted on 27 December 2020
Yes can claim vehicle for transportation of goods for business purposes and for transportation of passenger maximum 13 passenger vehicle
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On 27 December 2020 at 18:49

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