GST credit in case of Truck taken on rent
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....ST credit in case of Truck taken on rent<br> Query (Issue) Started By: - CA BIJENDER KUMAR BANSAL Dated:- 24-7-2017 Last Reply Date:- 13-8-2017 Goods and Services Tax - GST<br>Got 4 Replies<br>GST<br>Dear Sir, Please clarify can be take GST credit in case any mfg. co. has taken Truck on rent for dispatch of goods from its factory to customer premises. in section 17, credit is denied for Motor ca....
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....r and other conveyances except few usages:- i.e. if used for ''transportation of Goods '' then whether it will be allowed. Then i want to confirm that whether this clause is applicable only for GTA or for any business usage. Please confirm. Thanks, CA Gorav Goyal Reply By Ganeshan Kalyani: The Reply: Credit is not eligible on purchase of motor vehicle. But if you hire motor ve....
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....hicle then the credit is eligible of the GST paid on the rent paid. Reply By KASTURI SETHI: The Reply: I support the views of Sh.Ganeshan Kalyani, Sir. I further add that this clause is not applicable for "any other business usage". Reply By CA BIJENDER KUMAR BANSAL: The Reply: Ganeshan Ji/Kasturi Ji, In section 17, it is nowhere mentioned that it should be for purchase of motor veh....
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....icle. Then on which section/rule , we can derive this interpretation. As we are taking CAR and truck on rent, so why this credit should be allowed and why not. Please clarify. Reply By KIRTIKUMAR PUROHIT: The Reply: Rent for dispatch of goods from its factory to customer premises; In My view, No Input Tax Credit available on Outward Supply.<br> Discussion Forum - Knowledge Sharing ....