Can input claim on insurance premium of car /repair service
This query is : Resolved
31 May 2018
Sir / Madam ,
We have owned one office car for our Director in our Company name. We understand that GST input claim is denied on Car vide section 17(5) of CGST Act 2017 while purchasing the car. But somebody told us the GST input claim on repair services held on such cars and GST input claim on Insurance premium of such cars can be availed.
1) Recently we have made and have paid the repair service charges / spares on our office car, Can we claim the input GST claim charged in the service / spares Bill?
2) Also we have paid the insurance premium for that car which is included with GST tax component. Can we claim the input GST claim in the insurance premium?
Kindly advise us whether can we claim or not?
Advance Thanks,
with warm regards,
Bazeer L
We have owned one office car for our Director in our Company name. We understand that GST input claim is denied on Car vide section 17(5) of CGST Act 2017 while purchasing the car. But somebody told us the GST input claim on repair services held on such cars and GST input claim on Insurance premium of such cars can be availed.
1) Recently we have made and have paid the repair service charges / spares on our office car, Can we claim the input GST claim charged in the service / spares Bill?
2) Also we have paid the insurance premium for that car which is included with GST tax component. Can we claim the input GST claim in the insurance premium?
Kindly advise us whether can we claim or not?
Advance Thanks,
with warm regards,
Bazeer L
31 May 2018
No, you cannot claim ITC
Message likes :
1 times
01 June 2018
Thank you very much Sir for your guidance
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- Relief u/s Section 89
- TDS Challan Code
- Supply through E-commerce Operators
- STCG on ETF gold & silver
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
