Capital goods itc
This query is : Resolved
11 August 2017
Sir/Madam,
Our client has bought new vehicle for business purpose before gst. Now the question is, it ITC can be claim in from Tans - 1.
Please advise me.
Our client has bought new vehicle for business purpose before gst. Now the question is, it ITC can be claim in from Tans - 1.
Please advise me.
11 August 2017
If the new vehicle is purchased before 30/6/17 then he cannot claim ITC in TRAN 1.
If the new vehicle is a motor Car / two wheeler and purchased after 1/7/17 ITC you are not eligible to claim ITC on the same.
If the new vehicle is a vehicle used for transportation of Goods and purchased after 01/7/17 you can claim ITC of GST on the same.
VK
If the new vehicle is a motor Car / two wheeler and purchased after 1/7/17 ITC you are not eligible to claim ITC on the same.
If the new vehicle is a vehicle used for transportation of Goods and purchased after 01/7/17 you can claim ITC of GST on the same.
VK
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