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ITC claim vichle for business use

02 March 2020

mera business ek kirana itam ka holesale business h main apne business ko marketing aur goods le jana le aane ke liye ek Tata magic purchase kiya hu kya main vichle pr GST ka ITC claim kar sakta hu kab aur kha kar sakta hu

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4 Replies

Inspector Kuldeep Singh (33 Points)
Replied 02 March 2020

U can take credit by filing gstr3b monthly under the head ITC availed.

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provil jain (11 Points)
Replied 03 March 2020

But school bus ya fir staff bus ke liye ITC kyo nahi claim kr sakte

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 03 March 2020

Haa. ji aap credit claim Kar saktey

CA Akshay Hiregange (Partner - Audit & Assistance) (4515 Points)
Replied 03 March 2020

1) Goods vehicle for business use - ITC fully eligible on purchase/lease/rental including insurance, repairs & maintenance.

2) Passenger vehicle with more than 13 seater used for business - ITC fully eligible on purchase/lease/rental including insurance, repairs & maintenance.

3) Passenger vehicle less than 13 seater (whether or not for business) - ITC on all related goods/services blocked.