Sir,
Shall a construction material supplier gets input credit on purchse of trucks and dumpers for transpotation of material? And for purchase of motor parts and tyres to be used in trucks and dumpers?
Menu
Queries regarding gst input credit
Replies (6)
ITC will be allowed on motor vehicles (and other conveyances) used to transport goods from one place to another.Your case covered in exception to ITC not available in case of motor vehicle.you can claim ITC on Trucks, dumpers, its parts and tyres.
| Originally posted by : Shailesh Bhagat | ||
 |
Sir, Shall a construction material supplier gets input credit on purchse of trucks and dumpers for transpotation of material? And for purchase of motor parts and tyres to be used in trucks and dumpers? |
 |
You can claim ITC
Yes you can take input credit provided it is excusively used for transportation of goods. Kindly refer section 17(5)(a)(ii).
As u r registered for selling construction material but not as transporter, so u would not be elegible to take ITC on purchase of truck, tyre etc.
Yes it is correct agree with you sandeep sir.
Sir there is no such provision and condition that user of motor vehicles should be a tranporter. It say that motor vehicle should be used for transportaion of goods.
Recent Topic
- Gift recd from brother
- How to show Loan write off in DPT 3?
- Form 10E and Salary arrear
- LTCG U/S 54F. Sale of property plus sale of share
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
Related Topics
CAclubindia
