Menu
GST set off against commercial vehicles purchase.
we are fleet owners. We give goods transportation services. We are registered under GST. If I want to take input tax credit which I have paid on the purchase of Vehicle's then what I have to do ? As the GST for by road transportation is exempted then can I avail my vehicles GST credit against my trading output tax. (My liability arising out of trading goods)
Replies (3)
if you are trading under the same GSTIN then yes you can
Yes, definetly you can take input tax credit on vehicle because it is used for business purpose.
If I am transporting goods of other parties then How much GST i should charge ? Because as I own the vehicles so I am not a good transport agency. What would be our HSN ?
Recent Threads
- Planning of Ceased a Business i.e Closure of Compa
- Property value in 26QB
- Form 26QB Multiple Buyer/Multiple seller
- Company Formation for clothing business
- TDS on purchase 194Q
- Compensation for urban land acquisition
- Understanding section 269st
- CASH AS GIFT OR FD AS GIFT
- NPS Pre Maturity full exit taxation rules
- Planning to ceased a Business
Related Threads
CAclubindia
