TaxTMI 
TaxTMI 
Dear All,
If We are purchasing new truck for internal movement of some material in our coal thermopack plant, will credit be available?
Truck Eligibility For GST Credit
13 Mar 2020 
5 Replies 
17506 Views Asked by
Guest 
Input tax credit on vehicles used for transporting goods remains available where the vehicle is capital goods used in business.
Input tax credit is available on a truck used for internal transportation where the vehicle is capitalised in the claimant's books and used in the course or furtherance of business; depreciation under the Income Tax Act will not be claimed. The restriction on motor vehicle credit applies to passenger vehicles and does not deny credit for vehicles used to transport goods, a position supported by administrative rulings and commentary. (AI Summary)
Input tax credit is available on a truck used for internal transportation where the vehicle is capitalised in the claimant's books and used in the course or furtherance of business; depreciation under the Income Tax Act will not be claimed. The restriction on motor vehicle credit applies to passenger vehicles and does not deny credit for vehicles used to transport goods, a position supported by administrative rulings and commentary. (AI Summary)