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Input Tax Credit

07 March 2019

I am making and supply of local delicacies.I have GST Number.I bought a delivery vehicle to sell products in vary shops.Can I have avail ITC .

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5 Replies

Dileep Kumar (Finance Executive) (47 Points)
Replied 07 March 2019

Yes. You can sir

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subhagan sreerangam (7056 Points)
Replied 07 March 2019

sec17(5) is applicable to me yes or no.

Dileep Kumar (Finance Executive) (47 Points)
Replied 07 March 2019

As per sec 17(5) of CGST Act you can avail ITC when moter Vehicle is used transportation of Goods.

ns k (20 Points)
Replied 08 March 2019

sir we can use motorcycle in business orders n collection , that new byke purchase we can shown input credit or not

Dileep Kumar (Finance Executive) (47 Points)
Replied 08 March 2019

Yes, if it is used for delivering a taxable supply. If the vehicle is for both business and personal use then you should identify the quantam of personal use and reverse ITC of such quantam of personal use.

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