Tax Consultant
593 Points
Joined April 2017
Hi,
As said by Mr. Vinod, if you are in business of transport of goods, you can claim the credit of GST paid on purchase of vehicle to use to provide the output service.
But please note that input credit in the business transportation of goods is allowed only when you pay the GST @ 12% under forward charge.
If you do not pay and receiver pay GST @ 5% under reverse charge, input credit on vehicle puchased would not be allowed to you.
Thanks