Recently we purchased a new vehicle in my firm name,
Shall we can take input of gst tax on it?
Menu
Shall we claim the GST Tax on vehicle
Replies (9)
Vehicle used for transportation of goods then you can claim, other wise NO. ( other than a motor driving school)
ITC is not available on Purchase of Two Wheeler since it is Blocked u/s 17(5) of the CGST Act 2017.
both are correct
if it is in business name then you can get ITC
yes you can Claim ITC of tax paid on Vehicle but subject to section 17(5) of CGST Act
seating capacity 13 or more including driver then u can avail itc....
Credit can be availed if it is goods transport vehicle
If we purchase a 2 wheeler for our business use means we are delivery parcels for e.g. amazon then we are may or not.
I had checked on "https://www.hrblock.in/earlygst/section-17-5-gst/" where it is clearly mentioned that we can claim ITC for 2 wheeler .
Recent Threads
- Unused ITC for Hotel after GST Change
- CA FINAL SPOM
- 44ad presumption of tax
- Friendly loan to blood relative?
- Tds penalty for in operative pans
- TDS on Property- 26QB filing Doubt
- HSN code for Exempted supplies
- HSN Summary of Outward Supplies (Sales and Advance
- Joint Venture address proof under GST
- Leave encashment exemption limit
Related Threads
CAclubindia
