Input Tax Credit

[VIGNESH]

sir.1. Construction Equipment Vehicles (Road Roller, JCB, Procrane) - eligible for Input Tax Credit 2. industrial cranes/ post lift used to lift goods are eligible for ITC?

[Shilpi Jain]

Yes eligible as these are not vehicles for transportation of persons.

[KASTURI SETHI]

Sh.Vignesh Ji,

Yes. ITC is allowed. May I ask the real reason behind asking this simple question ? What has raised doubt in your mind ? What is brewing in your mind ? Keeping in your knowledge and experience, such simple query is not digestible ?

Will you please clariify ?

[YAGAY and SUN]

In our view, you are eligible for ITC on such non transport vehicles. Further, you would have to get the registration with Jurisdictional RTO and pay the tax on such motor vehicles.

AI Summary

Input Tax Credit eligibility for non-transport commercial vehicles affirmed; RTO registration and motor vehicle tax payment required.
Construction and industrial lifting equipment used in business-such as road rollers, JCBs and cranes-qualify for Input Tax Credit when not used for carriage of persons; claimants must observe compliance conditions including registration with the jurisdictional motor vehicle authority and payment of applicable motor vehicle tax for motorised equipment.