I am a GST registered person engaged in trading of goods. I have bought a Truck for use in business for transportation of goods. Will I be able to get Input Tax Credit on the GST paid on purchase of the truck.
Frah Saeed Changed status to publish May 10, 2020
Yes, ITC can be availed as credit of only passenger vehicle is blocked under Section 17(5). Further in such a situation you will also be able to avail input tax credit in regard to GST paid on Services of general insurance, servicing, repair and maintenance of said Truck.
Frah Saeed Changed status to publish May 10, 2020