if a Company (who is not a GTA) purchases a motor vehicle for transporting its finished goods, can the company take Input tax credit? Please explain how.
SanyaKalra (Student) (30 Points)
26 April 2018if a Company (who is not a GTA) purchases a motor vehicle for transporting its finished goods, can the company take Input tax credit? Please explain how.
Avijit Bera
(5 Points)
Replied 27 April 2018
Annu Agarwal
(Practice)
(3483 Points)
Replied 21 August 2018
Yes you can take credit of GST on vehicle purchased to transport goods in your business.
Section 17(5)(a)(ii) allows the same.
Regards
Annu Agarwal
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