GST ITC on Vehicles: Key Conditions 🚗

🚗 "Conditions for GST Input Tax Credit (ITC) on Vehicles"

GST Input Tax Credit (ITC) for vehicles is available under specific conditions:

1️⃣ Used for the transportation of goods.
2️⃣ If used for transporting passengers, the vehicle should have at least 13 seats.
3️⃣ If the business buys and sells vehicles.
4️⃣ If the vehicle is utilized for a driving school, even if it has less than 13 seats.

Adhering to these conditions ensures eligibility for GST ITC on vehicles. 🚚🚗 #GSTITC #VehicleTaxation #BusinessFinance