I am a proprietor and own a used car (no corporate registration etc.) I recently got a CNG kit installed in my car. I use this car for business purposes.
Would it be possible to claim ITC on this CNG kit installation? Its quite high @ 28%!!
02 June 2022
If you are in the business of transportation of passenger by car or in the business of training of driving of motor vehicle and car you purchased is used for these purpose, you may claim the input credit. Else, it is restricted under section 17(5) of CGST Act, 2017.
CAclubindia
