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All QuestionsCategory: GST ConsultancyELIGIBILITY OF ITC IN CASE OF PURCHASE OF NEW TRUCK
Profile photo of MUFADDAL MALKANIAdvocate MUFADDAL MALKANI asked 7 days ago

ELIGIBILITY OF ITC IN CASE OF PURCHASE OF NEW TRUCK

Respected Sir / Medam,
First of All, I am very much thank full to your team for giving regular update on gst, it is helping me too much

My quiery is as bellow

My one off the client is doing mining and quo-ring business of clay, company  has 6 truck and 2 jcb for mining work

from company’s own mines company produce clay and supply to various customers

company provide two type of service to customer

1. supply of clay including transportation charges and collect gst @ 5% (Material Rate includes transport charges it self), 

2. Supply of GTA (Goods Transport by Road) in which company charges transport charges only and not collecting any gst [ as we issue LR mentioning that GST Should be payable by consigner under RCM Basis)

in above case my company earn revenue of approx 2,00,00,000 from clay sale against which we paid 5% GST as well as approx 2,00,00,000 revenue from GTA against which we are not paying any gst.

Now, My question is That if Company Purchase New Truck for giving above services, should company eligible for GST Input ? 

Also if company purchase truck spairparts so should it eligible for ITC ?

From:
Mr. Malkani
M. S. Malkani & Co.
Office No. 8-9-10, 1st Floor,
Barmatik Complex, 
Hanuman Street, Main Bazar,
Wankaner-363621
(Gujarat), India
Mo. +91-84888 00748
Mo. +91-91730 88068

Te. +91-2828-220035
Email: excelmsm@gmail.com

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