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GST on good transport vehicle

saud ahmed (Student CA IPC / IPCC) (270 Points)

16 July 2019

I have purchase tempo for transportation of textiles
I am engaged in textile
can I claim ITC on such vehicle

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9 Replies

CA NEHA RAMPURIA (Taxation Consultant) (1823 Points)
Replied 16 July 2019

no you cant claim itc as per sec 17(5)

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Kinjarapu Venkata Ramana (38 Points)
Replied 16 July 2019

Yes sir... you can avail as per 17(5)(a)(aa)(ii)

CA NEHA RAMPURIA (Taxation Consultant) (1823 Points)
Replied 16 July 2019

17(5)(a)(aa)(ii)
is for vessels and aircrafts .

(aa) vessels and aircraft except when they are used––

(i) for making the following taxable supplies, namely:—

(A) further supply of such vessels or aircraft; or

(B) transportation of passengers; or

(C) imparting training on navigating such vessels; or

(D) imparting training on flying such aircraft;

(ii) for transportation of goods;”

u are buying a tempo, so ur ineligible

saud ahmed (Student CA IPC / IPCC) (270 Points)
Replied 16 July 2019

sorry but I didn't find any provision where I can claim ITC

Kinjarapu Venkata Ramana (38 Points)
Replied 16 July 2019

yes sir you r correct..... sorry sir... i was mistaken

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saud ahmed (Student CA IPC / IPCC) (270 Points)
Replied 16 July 2019

yeah...thank you ca neha and all

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 16 July 2019

As per Amendment .Act 31 of 2018 ,In clause (a) to section 17(5) Clause (ii)(ab)(I) ITC is available for transportation of Goods Hence can claim ITC on vehicle used in transportation of Goods

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 16 July 2019

The same was effective from 1/2/19, by vide notification 2/2019, moreover earlier also the ITC on vehicle purchased to used for transportation was available .