I have two business under one GSTIN. One is Trading with 18% GST rate. Another is transport with oil tankers under RCM,Exempt supply now and in future.
I purchased some oil tankers.
My Query is that whether I can take ITC on oil tankers purchased and utilize same to pay GST liability of Trading business.
Please advise.
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ITC on Tankers purchased
Replies (4)
Yes I think ITC can be availed in this case
Reading section 17(2) and 17(3), it appears ITC is disallowed.
Thanks for the information
ITC not allowed
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