regarding transportation of goods provision for itc refund/claim?
Replies (6)
Quick Summary
This discussion clarifies GST Input Tax Credit (ITC) rules for vehicles purchased for business use. It explains that ITC may be blocked for vehicles with a seating capacity of 12 or more, unless used for specific exceptions outlined in Section 17(5). The thread also confirms that ITC can be claimed on vehicles like dumpers used for business, provided it's in proportion to taxable supplies.
In GST under section 17 subsection 5 blocked credit ,if you purchase a vehicle having sitting capacity 12 person will we covered under block credit and ITC will not be allowed on such purchase but if they are purchased and used for the three exceptions given in 17( 5) then ITC will be allowed . so kindly elaborate for what purpose you are purchasing the vehicle and what is the seating capacity.