gst on passenger cars

[umesh kk]

I am very interested to know about how GST is calculated on passenger cars produced by a company. How they claim input tax credit on the parts/materials purchased from outside?

i expect explanation with examples

AI Summary

Understanding GST on Passenger Cars and Input Tax Credit for Parts: Seek Legal Provisions for Detailed Guidance A participant inquired about the calculation of Goods and Services Tax (GST) on passenger cars and the process for claiming input tax credit on purchased parts and materials. Respondents advised that the topic requires a detailed explanation and suggested referring to legal provisions for comprehensive understanding. They encouraged posting specific questions for more precise assistance, acknowledging the complexity of the subject and the forum's purpose of free knowledge sharing.