Can take itc on new activa purchase

Asked on December 24, 2018 in Miscellaneous.
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2 Answer(s)

When you purchase anything, you are required to pay GST on it. Later, you can claim input tax credit on the GSTpaid on your purchases. … However, if you claim depreciation on the GSTpaid while purchasing the capital asset, you cannot claim input tax credit.

Answered on December 24, 2018.
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No input is available on any vehicle in GST except vehicle will be used in business GTA or any similar person for further taxable supply from such vehicle.

Answered on December 24, 2018.
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Your Answer

Gen GST