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Used vehicke


Rahmathullah p   25 January 2021

Rahmathullah p

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Can ITC be purchased with a used commercial vehicle?
Divyam Agarwal

Divyam Agarwal (student)     25 January 2021

Divyam Agarwal
student 
 17 likes  264 points

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Your question is not clear.
Please come again.
Shivam RC

Shivam RC (Student)     26 January 2021

Shivam RC
Student 
 2960 likes  23445 points

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ITC stands for "INPUT TAX CREDIT".
You cannot purchase ITC. You have to claim ITC on your inward supplies ( inputs, input services and capital goods ).

As far as your question is concerned, You cannot claim ITC on Motor Vehicles having approved seating capacity of 13 persons ( including the driver ) as it is a BLOCKED Credit under Section 17(5) of the CGST Act 2017. Moreover if the vehicle is being used for "transportation of goods", then you can claim ITC on Motor Vehicle ( Truck ) provided all the FOUR Conditions as laid down U/s 16(2) of the CGST Act 2017 has been satisfied.

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