Hello Everyone
I am a fibre sheet manufacturer. I want to purchase Tempo( Tata Ace Truck) for transportation of fibre sheets. Can I claim GST ITC on the same?
Archit Jain (Student) (43 Points)
13 July 2021Hello Everyone
I am a fibre sheet manufacturer. I want to purchase Tempo( Tata Ace Truck) for transportation of fibre sheets. Can I claim GST ITC on the same?
Deepa B
(Practicing Chartered Accountant )
(573 Points)
Replied 13 July 2021
Yes. ITC can be claimed in this case as it's motor vehicle for the purpose of transportation of goods. Hence it is not covered under blocked credit u/s 17(5).
Balamurali Unnithan MS
(STUDENT)
(1631 Points)
Replied 14 July 2021
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