we are providing exempted transportation services and GTA service.
we purchased a new vehicle for using our transportation services like exempted and GTA service.
can we take itc of newly purchased vehicle, its spare parts and services.
Please advice at earliest.
Thanks in advance.
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itc for exempted transportation services providers
Replies (4)
In case of transportation and GTA service not mandatory to register
so ITC not available
If you are registered,then itc is claim only on taxable supply
It means that further supply is exempt,then ItC is reversed
In case of any discrepancy in above content please comment me
so ITC not available
If you are registered,then itc is claim only on taxable supply
It means that further supply is exempt,then ItC is reversed
In case of any discrepancy in above content please comment me
kindly clear following before i respond your query
1. Are GTA
2. What kind of exempted services your are providing
3. If you are GTA then what rate of GST you charging on your service
1. Are GTA
2. What kind of exempted services your are providing
3. If you are GTA then what rate of GST you charging on your service
Dear Sir,
We provide some transportation services with issuing consignment note .
exempted services means we provide some vehicles to other GTA service providers and payment made through our account.
We provide some transportation services with issuing consignment note .
exempted services means we provide some vehicles to other GTA service providers and payment made through our account.
@ epl
As per Notificaion 22/2017 CT (r): GTA can avail ITC on his inward supply if he charge 12% GST on forward Charge.
Hence if you are charging 12% GST to your customer you can avail ITC on purchase of vehicle, spares etc
note : Since you are also doing exempted supply the credit can be claim , the ITC attributed to Taxable supply (kindly refer rule 43 of CGST act)
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