Laoding vehicle gst

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5 Points Posted on 27 September 2020
a manufacturer want to buy loading vehicle for his business purpose whether he is eligible for tacking credit of gst of loading vehicle
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On 27 September 2020 at 12:07 Report
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Quick Summary
Businesses can claim Input Tax Credit (ITC) on GST paid for loading vehicles, provided they are used for transporting goods or within the factory premises. This applies to goods carriage vehicles and other loading/unloading equipment used for business purposes. If your loading vehicle meets these criteria, you are eligible to claim the ITC.

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Tax and Business Consultant
11616 Points Posted on 27 September 2020
Yes, if it's other than passenger vehicles (i.e Goods Carriage vehicle or other loading/unloading vehicle) which is used by manufacturer is his factory or for transportation of Goods than ITC is allowed.
In your case, You can claim ITC.
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On 27 September 2020 at 12:22
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"Do the Right Thing...!!!"
128157 Points Posted on 27 September 2020
Yes... ITC available.
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On 27 September 2020 at 13:29
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GST Practitioner
55067 Points Posted on 27 September 2020
Yes ITC is available.
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On 27 September 2020 at 15:52
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Student
23693 Points Posted on 27 September 2020
Input Tax Credit ( ITC ) would be available in the hands of the recipient if it is being used for "Transportation of Goods".
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On 27 September 2020 at 17:47

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