Can You Claim GST ITC on ISUZU S-CAB? | Section 17(5) & 18(6) Explained with Example (2025)

Описание: Can you claim GST Input Tax Credit (ITC) on an ISUZU S-CAB with a commercial number plate?
Here’s everything you need to know about GST rules in 2025 under Section 17(5) & 18(6), ITC eligibility, and what happens when you convert a commercial vehicle to a private plate.

✅ Practical Example:

ITC taken: ₹2,00,000

Useful life: 60 months

Business use: 12 months

Personal use: 48 months
ITC Reversal = ₹1,60,000 (Pay back via DRC-03 + Interest u/s 50)

📌 In this video, you’ll learn:
✔ GST ITC rules on motor vehicles
✔ Section 17(5) restrictions
✔ ITC reversal calculation under Section 18(6)
✔ How to calculate proportionate reversal when usage changes

💡 Stay compliant & avoid penalties!

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