Availability of Input Tax Credit

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This discussion clarifies the availability of Input Tax Credit (ITC) on the purchase of a luxury car and a flat for guest house purposes. Generally, ITC cannot be claimed on such purchases as they are considered blocked credits and not directly related to the furtherance of business, often being deemed personal in nature.

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(Querist)
15 February 2020 My company is registered firm & Now want to purchase a luxury car (innova) my question is whether we can take input on GST charged on purchase of car & my second query is, company want to purchase a Flat also for Guest House purpose so query is the same whether GST Input will be available to us which will be charge by the builder.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
15 February 2020 ITC can't be taken on car and flat as it falls under blocked credit.
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Gokul Sharma

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Gokul Sharma (Expert)
15 February 2020 both the ITC will not be eligible as its not related to furtherance of business.
and these expenses are personal in nature.
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