https://www.taxtmi.com/forum/issue?id=115347 Input tax credit on trucks treated as capital goods is allowable when used for taxable supplies. If those vehicles are later used to provide goods transport agency services, no reversal of ITC is required where the GTA supply is treated as taxable with ITC available; however, if GTA is taxed under an option that disallows ITC, the statutory mechanism for reversal of ITC on capital goods will apply. en-us Wed, 21 Aug 2019 15:07:03 +0530 Thu, 23 Jan 2025 15:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115347 Input tax credit on trucks treated as capital goods is allowable when used for taxable supplies. If those vehicles are later used to provide goods transport agency services, no reversal of ITC is required where the GTA supply is treated as taxable with ITC available; however, if GTA is taxed under an option that disallows ITC, the statutory mechanism for reversal of ITC on capital goods will apply. Discussion-Forum GST Wed, 21 Aug 2019 15:07:03 +0530 https://www.taxtmi.com/forum/issue?id=115347