After conversion of business nature use of tic on loading vehicle
This query is : Resolved
03 December 2021
Dear Sir
Last year in apr-2020 we started a business of trading of food products (supply namkeen) and for the same, we registered under GST purchase material from direct factory and sold in small markets.
after 2-3 months we purchased a loading vehicle for the supply of goods.
and 2 months before we stopped this work due to sales were too low and monthly expenses is high.
last attached loading vehicle in another company for a monthly basis issued GST invoice to the company.
so please guide us can we convert my business nature from food to transportation on existing GST no. (for transport bills we use only vehicle-related ITC).
kindly guide us.
Last year in apr-2020 we started a business of trading of food products (supply namkeen) and for the same, we registered under GST purchase material from direct factory and sold in small markets.
after 2-3 months we purchased a loading vehicle for the supply of goods.
and 2 months before we stopped this work due to sales were too low and monthly expenses is high.
last attached loading vehicle in another company for a monthly basis issued GST invoice to the company.
so please guide us can we convert my business nature from food to transportation on existing GST no. (for transport bills we use only vehicle-related ITC).
kindly guide us.
03 December 2021
ONE MORE SUPPLY CAN BE ADDED UNDER SAME GSTIN.
03 December 2021
Yes, you can convert the business in the existing gstin.
23 December 2021
AND ALSO TAKE ITC OF VEHICLE WHICH AVAILABLE ON CREDIT REGISTER ????
PLS CONFIRM
PLS CONFIRM
28 December 2021
Where goods vehicle used for further supply, i.e. supply of taxable goods or services then yes eligible. In your case renting of vehicle or use to transport taxable goods - eligible ITC.
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