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Gst input on bus purchase | Agar sitting capacity 13 se jyada to gst benefit milega | section 17(5)
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Gst input on bus purchase
Section 17(5) Notwithstanding anything contained in sub-section (1) of section 16 and sub-section (1) of section 18, input tax credit shall not be available in respect of the following, namely :—
(a) motor vehicles for transportation of persons having approved seating capacity of not more than thirteen persons (including the driver), except when they are used for making the follow ing taxable supplies, namely :
(A) further supply of such motor vehicles ; or
(B) transportation of passengers ; or
(C) imparting training on driving such motor vehicles ;
(aa) vessels and aircraft except when they are used
(i) for making the following taxable supplies, namely :—
(A) further supply of such vessels or aircraft ; or
(B) transportation of passengers ; or
(C) imparting training on navigating such vessels ; or
(D) imparting training on flying such aircraft ;
(ii) for transportation of goods ;
For stay connected with @gstguy
Disclaimer: This video is for awareness purposes only.]
#gst #GSTPenalties #gstportal #gstregistration #gstinvoice #gstinvoice #gstnotice #gstregistration #gstinvoice #gstguy #gstontour #gstindia
Section 17(5) Notwithstanding anything contained in sub-section (1) of section 16 and sub-section (1) of section 18, input tax credit shall not be available in respect of the following, namely :—
(a) motor vehicles for transportation of persons having approved seating capacity of not more than thirteen persons (including the driver), except when they are used for making the follow ing taxable supplies, namely :
(A) further supply of such motor vehicles ; or
(B) transportation of passengers ; or
(C) imparting training on driving such motor vehicles ;
(aa) vessels and aircraft except when they are used
(i) for making the following taxable supplies, namely :—
(A) further supply of such vessels or aircraft ; or
(B) transportation of passengers ; or
(C) imparting training on navigating such vessels ; or
(D) imparting training on flying such aircraft ;
(ii) for transportation of goods ;
For stay connected with @gstguy
Disclaimer: This video is for awareness purposes only.]
#gst #GSTPenalties #gstportal #gstregistration #gstinvoice #gstinvoice #gstnotice #gstregistration #gstinvoice #gstguy #gstontour #gstindia
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