thanks sir
How to avsil input tax credit on commercial vehicles.
Page no : 2
satya Das
(Service )
(23 Points)
Replied 28 June 2019
Dear Sir can I please have your contact number. I want some valuable input from you
Regards Satya Das mob 6372851128
Siddaraju S Krishnappa
(GST Expert)
(190 Points)
Replied 28 June 2019
Since your supply is taxable under GST
You can take Input tax credit which is support to your outward supply
In your case you have used vehicle for transportation (transportation of goods) – if such vehicle bill contains the GST, you can take input tax credit of it
If not ignore, coz there is no RCM applicability
Exemption will not applicable to you – coz you have hired vehicle for supply goods which is eligible for claiming input tax credit
(Section 17(5) will not applicable in case of vehicle used for transportation of goods
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