ITC on Tyres of commercial machine and vehicles

22 January 2019

CAN I TAKE ITC ON PURCHASE OF TYRES OF COMMERCIAL TRUCK,DUMPER, MACHINES WHICH ARE USED IN MINING BUSINESS

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8 Replies

Prajwal Shetty (Artical Assistent) (237 Points)
Replied 22 January 2019

As per me, if you are using it for transportation of goods you can avail ITC

Sanjiv Rajpoot (3430 Points)
Replied 22 January 2019

yes u can take itc

NITIN KOTAK (SERVICE) (1465 Points)
Replied 22 January 2019

you can avail itc but output tax @ 12%,, without ITC 5 %

Aashish Bansal (Article) (698 Points)
Replied 22 January 2019

Nitin sir they are in mining business and not GTA, then how you are applying these provisions?

NITIN KOTAK (SERVICE) (1465 Points)
Replied 22 January 2019

okay, then you can avail Itc and collet GST @ 18

makkhan sharma (203 Points)
Replied 24 January 2019

I ASKING IN VAT ACT .NOT IN GST ACT

NITIN KOTAK (SERVICE) (1465 Points)
Replied 24 January 2019

kindly call me for better understanding m-9512947485

subhagan sreerangam (7040 Points)
Replied 01 March 2019

thank you and congratulations

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