buying car in business name gst input available
Puneet Chopra (8 Points)
01 July 2017
If i buy car in the of firm will i be able to avail inpit tax credit on gst paid yo car dealer.
Puneet Chopra (8 Points)
01 July 2017
Rohit Kumar
(CA FINAL)
(36 Points)
Replied 01 July 2017
ITC on motor vehicle is not available except when they are used for making the
following taxable supplies , namely-
(a) Further supply of such vehicles or conveyances or
(b) Transportation of passenger or
(c) Imparting training on driving, flying, navigating such vehicles or conveyances;
IF Your firm is engaged in supply of above,then you can claim ITC Paid on purchase of Motor Vehicle.
Thanks.
CAclubindia
