Motor vehicle of spares part under gst
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 October 2017
Sir
Please clarification that the spares part of Motor of vehicle is whether eligible or not ITC under GST
Please clarification that the spares part of Motor of vehicle is whether eligible or not ITC under GST
11 October 2017
The motor vehicles all parts and service related GST tax can be avail the benefits...
But, Condition is very simple. The vehicle is used by Business....
Otherwise can't get available....
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 October 2017
Sir
Vehicles is used as part and parcel of business only ...this vehicles is used for the purpose of travel by company employees..
Vehicles is used as part and parcel of business only ...this vehicles is used for the purpose of travel by company employees..
11 October 2017
In that case itc shall not be available
ITC in relation to motor vehicles is only available in specified cases and they are.;
1. If motor vehicles are used for transportation of goods or;
2. They are used in making further taxable supply
12 October 2017
In case such transportation of employees (from office to residence) is compulsory under any Govt Rule (for example it is in BPO industry) then you can avail ITC.
12 October 2017
@ CA Ajay Kumar , sir it is applicable only for rent-a-cab, life insurance and health insurance supplies and not for inward supply in relation to motor vehicles.
Please correct me if i am wrong
Please correct me if i am wrong
12 October 2017
Yes you are right. But what if the company uses its own vehicle under such compulsion, then why we are not eligible if we can get ITC on hired vehicle. It is a matter or interpretation & satisfying the department.
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