Availing of ITC in commercial vehicles purchased before GST

Hi,
Have purchased commercial vehicles for transportation of Goods on June 2017. Vat has been paid while purchasing these goods, therefore wanted to understand whether one could avail ITC of VAT in GST through TRANS 1 form.
Vehicle Type - LCV
Used for renting and transportation
Asked 25 days ago in VAT from Pune, Maharashtra
Hi

Yes, ITC for capital goods purchased before GST implementation can be claimed through TRAN1 form.
Lakshita Bhandari
CA, Mumbai
700 Answers
5.0 on 5.0
  Talk to Lakshita Bhandari
Dear sir
50% of VAT CREDIT is availed in 2017-18 via TRANS 1 and rest 50% in 2018-19 through TRANS 1 or applicable form at that time 
Shiv Kumar Agarwal
CA, Delhi
236 Answers
5.0 on 5.0
  Talk to Shiv Kumar Agarwal
yes you can avail balance ITC through TRANS forms 
Lalit Bansal
CA, Delhi
434 Answers
5.0 on 5.0
  Talk to Lalit Bansal
Hello,

Have you claimed ITC in VAT ???

If you haven't then you claim the same under GST.

Trust this clarifies your query. 

Feel free to call / get back in case of further clarifications. 

Thanking You. 

Regards,
Rohit R Sharma
BCOM, FCA, LLB, CERT. FAFP
Rohit R Sharma
CA, Mumbai
1900 Answers
5.0 on 5.0
  Talk to Rohit R Sharma

Ask a Question

Get tax advice from top-rated chartered accountants. It's quick, easy, and anonymous!
Ask a question

Other Questions

Chartered Accountants

Lakshita Bhandari
CA, Mumbai
700 Answers
5.0 on 5.0
Rohit R Sharma
CA, Mumbai
1900 Answers
5.0 on 5.0
Keerthiga Padmanabhan
CA, Greater Mumbai
688 Answers
5.0 on 5.0
Lalit Bansal
CA, Delhi
434 Answers
5.0 on 5.0
Pradeep Bhat
CA, Bengaluru
367 Answers
5.0 on 5.0
Shiv Kumar Agarwal
CA, Delhi
236 Answers
5.0 on 5.0
B S Sridhar
CA, Chennai
43 Answers
5.0 on 5.0
Ria Nagpal
CA, Ahmedabad
46 Answers
5.0 on 5.0
Vishakha Agarwal
CA, Bangalore
404 Answers
5.0 on 5.0
Prakash Sinha
CA, Delhi
112 Answers
4.9 on 5.0