Vehicle GST ITC
We have recently purchased a couple of used vehicles for our business. How and where do I input the tax (GST) that was charged on the vehicles?
Do I get to claim this back?
I use Quickbooks if that makes any difference.
Thank you very much for your help.
There are special and strict rules for claiming input tax credits on vehicles. Take a look at my article on How to Claim Input Tax Credits Relating to Business Use of Your Personal Vehicle
Also check out forum posts relating to Vehicles
. Scroll down to the bottom of the page.
If you still have questions after looking through the information, post back here and I'll be more than happy to try and clarify whatever isn't "sticking".P.S. I would like to remind you there is a difference between information and advice. The general information provided in this post or on my site should not be construed as advice. You should not act or rely on this information without engaging professional advice specific to your situation prior to using this site content for any reason whatsoever.
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