Gst input credit available for bicycle purchase ?

Nitin Jain (28 Points)

01 October 2017

Can we avail input credit for GST paid for buying a new bicycle for commute to office everyday ?

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6 Replies

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 01 October 2017

No you can't as it is used for your personal purpose.

Nitin Jain (28 Points)
Replied 01 October 2017

Thanks for your response.

Can we at least expense the cost (in the case of unregistered partnership) ?

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 01 October 2017

Yes you can .......

Nitin Jain (28 Points)
Replied 01 October 2017

Thanks a lot for your response, CA Rashmi.

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 01 October 2017

Welcome...... My pleasure..........

Satya N Dharani (Finance Professional) (491 Points)
Replied 15 April 2019

Madam,

If that bycles used for collecting samples with in the factory.

shall we able to claim ITC on purchase of that bycles.

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