Shall we claim the GST Tax on vehicle

07 January 2019

Recently we purchased a new vehicle in my firm name,
Shall we can take input of gst tax on it?

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9 Replies

Sarath Rajendran (Nil) (2791 Points)
Replied 07 January 2019

Vehicle used for transportation of goods then you can claim, other wise NO. ( other than a motor driving school)

Vinod Babu (24191 Points)
Replied 07 January 2019

ITC is not available on Purchase of Two Wheeler since it is Blocked u/s 17(5) of the CGST Act 2017.

Sanjiv Rajpoot (3430 Points)
Replied 07 January 2019

both are correct

manoj (student) (5205 Points)
Replied 07 January 2019

if it is in business name then you can get ITC

Romik Pansuriya (40 Points)
Replied 07 January 2019

yes you can Claim ITC of tax paid on Vehicle but subject to section 17(5) of CGST Act

Siva Raj (358 Points)
Replied 07 January 2019

seating capacity 13 or more including driver then u can avail itc....

CA Roopa Nayak (Specialized in Indirect Taxes) (6621 Points)
Replied 07 January 2019

Credit can be availed if it is goods transport vehicle

vinit garg (reeeeeeeeeeeeeeeeeeeeeeee) (112 Points)
Replied 08 January 2019

If we purchase a 2 wheeler for our business use means we are delivery parcels for e.g. amazon then we are may or not.

vinit garg (reeeeeeeeeeeeeeeeeeeeeeee) (112 Points)
Replied 08 January 2019

I had checked on "https://www.hrblock.in/earlygst/section-17-5-gst/" where it is clearly mentioned that we can claim ITC for 2 wheeler .

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