ITC availability on electronic vehicle
This query is : Open
04 July 2021
Sir,
My client want to buy electronic two wheeler vehicle. Whether gst paid on such vehicle is available as input under GST or not. Please guide.
further, I also want to know whether such electronic vehicle is covered under motor vehicle definition or not?
My client want to buy electronic two wheeler vehicle. Whether gst paid on such vehicle is available as input under GST or not. Please guide.
further, I also want to know whether such electronic vehicle is covered under motor vehicle definition or not?
04 July 2021
Input under GST not available for such vehicle used for personal transport.
It's covered under motor vehicles definition.
It's covered under motor vehicles definition.
04 July 2021
Here is the definition of motor vehicle as per Motor Vehicles Act 1988:
(28) “motor vehicle” or “vehicle” means any mechanically propelled vehicle adapted for use upon roads whether the power of propulsion is transmitted thereto from an external or internal source and includes a chassis to which a body has not been attached and a trailer;
but does not include
a vehicle running upon fixed rails or
a vehicle of a special type adapted for use only in a factory or in any other enclosed premises or
a vehicle having less than four wheels fitted with engine capacity of not exceeding 4[twenty-five cubic centimetres]; 1[twenty-five cubic centimetres];"
So, I feel even EVs would be covered under this definition and hence no ITC.
(28) “motor vehicle” or “vehicle” means any mechanically propelled vehicle adapted for use upon roads whether the power of propulsion is transmitted thereto from an external or internal source and includes a chassis to which a body has not been attached and a trailer;
but does not include
a vehicle running upon fixed rails or
a vehicle of a special type adapted for use only in a factory or in any other enclosed premises or
a vehicle having less than four wheels fitted with engine capacity of not exceeding 4[twenty-five cubic centimetres]; 1[twenty-five cubic centimetres];"
So, I feel even EVs would be covered under this definition and hence no ITC.
04 July 2021
No ITC available........
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