regarding transportation of goods
provision for itc refund/claim?
6 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 18 January 2021
WHICH VEHICLE AND SEATING CAPACITY????
Krishna Chaudhary
(Accountant)
(4531 Points)
Replied 19 January 2021
In GST under section 17 subsection 5 blocked credit ,if you purchase a vehicle having sitting capacity 12 person will we covered under block credit and ITC will not be allowed on such purchase but if they are purchased and used for the three exceptions given in 17( 5) then ITC will be allowed .
so kindly elaborate for what purpose you are purchasing the vehicle and what is the seating capacity.
so kindly elaborate for what purpose you are purchasing the vehicle and what is the seating capacity.
Shivam Goyal
(38 Points)
Replied 19 January 2021
Purchased a dumper for business of sand and stone can I claim itc of it if yes then how
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 20 January 2021
Yes you can claim....
But in ratio of taxable supplies
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