Credit of GST paid in respect of Motor Vehicle
By: – Ashwarya Agarwal
Goods and Services Tax – GST
Dated:- 11-7-2018<\/p>\n
This is a general update for frequently asked queries in relation to credit of GST paid on purchase of Motor Vehicle and other incidental & traveling expense. There has been contradictory opinion on this issue by various experts, however I would like to share my view.
\nAs per Sec 17(5) of the CGST Act, credit shall not be available for GST paid in respect of motor vehicle and other conveyance, EXCEPT when it is used for:
\n * Transportation of GOODS;
\n * Further supply of such vehicle;
\n * Transportation of Passenger;
\n * Imparting training on driving;
\nFurther credit of GST paid on Rent-a-cab is also not avail<\/p>\n
= = = = = = = =<\/p>\n
Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n taxpayers may have missed to take credit of GST paid on such expense as discussed above, incurred for FY 2017-18; do not worry as you can avail the same now, before filing of GSTR 3B return for the month of September 2018. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Credit of GST paid in respect of Motor VehicleBy: – Ashwarya AgarwalGoods and Services Tax – GSTDated:- 11-7-2018 This is a general update for frequently asked queries in relation to credit of GST paid on purchase of Motor Vehicle and other incidental & traveling expense. There has been contradictory opinion on this issue by various … Continue reading “Credit of GST paid in respect of Motor Vehicle”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-12563","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/12563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12563"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/12563\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nNote: If there is any invoice dated of FY 2017-18 for which you have failed to take credit, your can take the same even now before filing of GSTR 3B return for the month of September 2018.
\nI hope you find the same helpful.
\n Reply By KASTURI SETHI as =
\nDear Sh.Aggarwal Ji,
\nNice article. This article was required to clear the air. Timely and very very informative and useful. One must not be a victim of phobia of the department, if intention as well as interpretation and understanding of law is crystal clear. Mostly s<\/p>\n
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