Itc on own vehicle

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CA
330 Points Posted on 30 September 2021
itc is taken on commercial truck purchaseed for moving of own goods
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On 30 September 2021 at 20:27 Report
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Quick Summary
This discussion clarifies whether Input Tax Credit (ITC) can be claimed on a commercial truck purchased for transporting one's own goods. The consensus is that ITC is generally claimable if the outward supply is taxable, even if you are not directly charging freight to your customer. This applies to businesses like HP gas agencies distributing their products.

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CHARTERED ACCOUNTANT
147 Points Posted on 30 September 2021
Yes if you r collecting freight from your client
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On 30 September 2021 at 21:50
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CA
330 Points Posted on 30 September 2021
No fright collection because it is my truck
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On 30 September 2021 at 22:26
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CHARTERED ACCOUNTANT
147 Points Posted on 30 September 2021
Whether you charged freight from your customer?
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On 30 September 2021 at 22:27
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CA
330 Points Posted on 30 September 2021
I am proprietor of HP gas agency and use to truck to distribute gas cylinder
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On 30 September 2021 at 22:29
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Employee Private
1913 Points Posted on 01 October 2021
There is no any restriction. You can avail ITC, if your out ward supply is Taxable.
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On 01 October 2021 at 09:51

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