Can we claim ITC on motor vehicles used for Business purpose? Can we claim compensation cess too?if
1. Normal business?
2. What if my business is GTA?
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ITC on Motor vehicle.
Replies (5)
1. if normal business , No.... only in the condition laydown in section 17(5):
(A) further supply of such vehicles or conveyances ; or
(B) transportation of passengers; or
(C) imparting training on driving, flying, navigating such vehicles
or conveyances;
(ii) for transportation of goods;
2. If GTA : yes as per Notification 22/2017 You can take ITC , but you have collect GST @ 12% on your outward supplies
(A) further supply of such vehicles or conveyances ; or
(B) transportation of passengers; or
(C) imparting training on driving, flying, navigating such vehicles
or conveyances;
(ii) for transportation of goods;
2. If GTA : yes as per Notification 22/2017 You can take ITC , but you have collect GST @ 12% on your outward supplies
Good explanation Pankaj ji.
Sir one more thing, If GTA opting for input claim in situations 2 above, give services to another GTA who is paying GST at 5% , then what % of GST to be charged ?
Thank u Pankaj ji.
GTA to GTA is exempted
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