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ITC on Goods transport Truck

ITC / Input 1351 views 8 replies

Chisty Mohammad

36 Points Joined July 2018

we are supplying River Sand
to L&T supply @ 5% GST ...

now my point is
we are purchased 5 trucks for carrying River sand

from river to L&T work place...

28% GST paid on each truck...

now we can avail GST input on purchase of trucks... which are used for goods transport vehicle...

waiting for reply...

thanks in advance

Replies (8)

RAJA P M

"Do the Right Thing...!!!"

128116 Points Joined January 2015

Yes... You can claim Input Tax Credit for the Purchase of Sand...

Chisty Mohammad

36 Points Joined July 2018

no...

I am not asking about sand.....

ITC on trucks purchase

RAJA P M

"Do the Right Thing...!!!"

128116 Points Joined January 2015

Hello...
I'm also said about Truck...

RAJA P M

"Do the Right Thing...!!!"

128116 Points Joined January 2015

Oh Sorry Dear... It's typical mistake in my 1st reply... You can avail the ITC benefits for the purchase of Truck...

Shivam RC

Student

23688 Points Joined November 2017

Yes Sir...

You can avail INPUT TAX CREDIT ( ITC ) on Motor Trucks purchased as it is being used in the course or furtherance of business i.e. for transportation of Goods.

Hence, this credit is not blocked u/s 17(5) of CHAR Act 2017.

Go ahead and claim ITC.