Abhishek (Student CA Final ) (28 Points)
10 September 2019Hi,
A person is in wholesale medicine business and has purchased a bike so that the delivery boy ( employee ) can deliver the medicines to local medical stores using the bike.
My question is ....can we claim gst input regarding the purchase of bike???
srinivasan
(Executive )
(16 Points)
Replied 10 September 2019
RAJA P M
("Do the Right Thing...!!!")
(128004 Points)
Replied 10 September 2019
saisab maitra
(CA ( final ))
(16 Points)
Replied 10 September 2019
No...you can't claim itc... If you would purchase a vehicle for transportation of goods / passengers..or imparting training ..then it was possible to claim ITC ... You have purchased the bike for delivering medicines .. You are not in transport business for transporting medicines or passengers.so according to section 17 (5)(a) you can not claim itc
saisab maitra
(CA ( final ))
(16 Points)
Replied 10 September 2019
Pankaj Rawat
(GST Practitioner)
(55047 Points)
Replied 11 September 2019
jayendra Gaonkar
(Asst. Manager)
(216 Points)
Replied 11 September 2019
The input tax credit on Motor vehicles and other conveyances are not allowed under GST if they are used for personal purpose. However, there is an
Read more at https://gstindianews.info/input-tax-credit-gst/#ineligible
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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